If
you are in a Final Salary scheme you need to act now! Or you may be
sorry, as time is running out!
ZURICH,
Switzerland (March 26, 2014) -- Given this budget is in the run
up to the next election in 2015. As normal it is a sweetener, and
lots of smoke and mirrors.
After
the smoke has cleared however, if you are in a Final Salary, also
known as a Defined Benefit pension scheme. Take note the option to
transfer to a QROPS
is to be removed.
Combine
this with the Government’s announcement that it intends to abolish
tax allowances for non UK residents. So pension benefits you take in
the UK would be taxed up to the full rate of 50%, on the whole
amount. The future looks bleak if you are in a Final Salary scheme
but no longer live in the UK.
The
pension reforms that were announced are likely to encourage a lot
more people to look at QROPS
as a very attractive alternative to leaving their pensions in the UK.
Moving
your UK pension arrangements to a QROPS if suitable given your own
particular circumstances, can only improve your position.
Most
importantly, once moved to a QROPS you have control over your money.
If left in your UK pension arrangement it is highly likely that
additional constraints will be put in place which will adversely
affect you.
If
you have a UK pension and have left the UK, or are considering a
QROPS transfer, contact Waterstone Investment Associates.
For
further details contact, Email: information@qropsusa.net,
or visit their website:
http://www.waterstone-investment-associates.com.
Media
Contact:
John
M Pye
Waterstone
Investment Associates Inc.
Swiss
Post Box: 100988
Zürcherstrasse
161
CH
- 8010 Zürich
+44
(0)2921251957
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