Mr M. built up a sizeable Fund which had previously been transferred from Employer schemes to a SIPP (Self-Invested Personal Pension) in the UK. The SIPP concept is, in itself, a flexible investment platform but still remains bound by the regulations pertaining to all UK resident pension schemes.

Mr. M had no desire to accept the restriction of having, at some point, to purchase an annuity as this would sweep away his Capital, replacing it for income and leaving his estate minus the Capital.

He was, in fact, able to transfer his SIPP funds and two other outstanding pension Funds into a QROPS and a World-wide trading platform, in the knowledge that he could drawdown an income from his investments, whilst his Capital remained intact. He also has a second home in South Africa. If he so decides, his QROPS Pension could purchase this property from him, making it an asset of his Fund, rather than his estate for Inheritance Tax purposes. In any event, his entire remaining Pension will remain intact for the benefit of his beneficiaries, as and when the time comes.