FAQs


What is the minimum retirement age?

The minimum retirement age is 55 years.[...]

Should I transfer my pension to a QROPS?

If you are currently a non-resident of the UK or intend to be so in the near future, and do not intend to return, then a QROPS may well be the best course [...]

Is it important where the QROPS is established?

The main jurisdictions that operate QROPS, open to non-residents, are Guernsey, Isle of Man, Ireland. Guernsey does not withhold taxes on investment growth [...]

What happens if I return to the UK?

If you return to the UK then the transfer will have a neutral affect as UK pension regulations will apply to the QROPS.[...]

Can I transfer my UK pension when benefits are already being paid?

It is possible to transfer a pension where benefits are in payment provided that they are not from an annuity or certain company pension arrangements. [...]

Can I invest in residential property?

No, commercial property is the only real estate that is acceptable under HMRC regulations.[...]

Should I transfer protected rights benefits to a QROPS?

It is possible to transfer protected rights to a QROPS. However, you will forfeit the protection afforded by the UK pension regulations. Accordingly, we [...]

Can I transfer my existing UK pension investments ''in specie''rather than selling them and transferring cash to the QROPS?

“in Specie” simply means keeping the same holdings when the transfer takes place. It is possible for a QROPS to receive assets transferred [...]

Is a transfer to a QROPS a Benefit Crystallisation Event (BCE)?

Uncrystalised Any transfer of uncrystalised pension rights before age 75 will be a benefit crystallisation event. If any of the transfer is above the available [...]

Can I transfer commercial property held by a UK pension?

A UK pension can make an “in specie” transfer of commercial property to a  QROPS. We have been advised that no stamp duty is payable on [...]

What level of income can be paid from a The Overseas Pension - QROPS?

If the member has been UK tax resident in any of the previous 5 years then the income would be subject to the same restrictions as in the UK i.e. income [...]

Can a US resident transfer a UK pension to a QROPS?

Such a transfer can be considered if the client has taken specific US tax advice and the opinion was favourable. The client would need to share the written [...]

How is QROPS taxed?

Guernsey does not tax non-Guernsey and non-Jersey residents, thus income payments and pension lump sum benefits are paid without the deduction of tax.[...]

Why Independent Professional Advisers?

There are, in fact, a significant number of QROPS Providers and therefore professional Advice is, in our view, essential. Pension transfers are a specialist [...]
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