If
you have a UK pension but no longer live in the UK you can now
transfer your pension to a QROPS. A QROPS transfer can give you many
benefits. However 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 (June 1, 2014) -- If you have a UK pension but no
longer live in the UK you can now transfer your pension to a QROPS. A
QROPS transfer can give you many benefits. However if you are in a
Final Salary scheme you need to act now! Or you may be sorry, as time
is running out!
A
QROPS transfer can give you the following benefits:
•This
can reduce the tax you pay.
•Allow
access to your pension from age 50 rather than 55.
•Allow
you to take a larger Cash Lump Sum.
•Allow
you to take a larger pension.
•On
death no 55% tax. (This is the rate of death tax on a UK pension)
•You
can take your income in your local currency rather than in sterling.
•On
death all your pension fund can go to your loved ones.
In
the UK budget March 2014 the Government's announcement that it
intends to stop transfers from Final Salary pension schemes, also
known as Defined Benefit pension schemes. This means the option to
transfer to a QROPS
is to be removed. This change may be in pace as early as 2015.
If
you are in a Final Salary scheme you need to act now! Or you may be
sorry, as time is running out!
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: information@qropsusa.net
or visit their website:
http://www.waterstone-investment-associates.com.
Media
Contact:
K
Jones
Waterstone
Investment Associates Inc.
Swiss
Post Box: 100988
Zürcherstrasse
161
CH
- 8010 Zürich
+44
(0)2921251957
