QROPS pension transfer:

taking control of your retirement investment options with a QROPS pension

UK PENSION ESTIMATOR

Use this calculator to assess the value of your direct pension transfer on retirement
Pension Estimator
Roughly and in GBP. Combine the amounts for multiple pensions.
Normally, it's the same as how many years you've worked for in the UK.
Use an average while you where employed in the UK.
How long has it been since you last worked in the UK?
Defined Benefit = Fixed monthly payout when you retire. Read More
Defined Contribution = Final value depends on pension growth. Read More
Proportion of your earnings you’ll get as a pension yearly. (Commonly 1/60th)
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Making decisions about your retirement is a daunting task, but it is vital understand the different options when planning your retirement. With the introduction of a QROPS pension, UK citizens who have left or are planning to leave the UK, can now transfer their funds outside the United Kingdom to another jurisdiction.

Transfer your retirement scheme abroad

If you are planning to stay overseas for good, then you need QROPS, an overseas scheme where any privately managed funds from your scheme can be transferred, with little or no taxes at all. The best jurisdiction for a QROPS varies, it depends on the size of the QROPS as well as the client’s own preferences.

Both a QROPS and QNUPS offer various benefits, both are parked offshore but are not the same. It is important to understand the difference in structure and implication between them to be able to evaluate which would be more useful in one’s circumstances.

A Qualifying Recognised Overseas Pension Scheme (QROPS) is a scheme established outside the UK which complies with HMRC regulations.

Introduced in April 2006, it enables individual fund holders, in certain circumstances, to transfer funds from a UK scheme into an overseas scheme. Continue here if you are wanting to find out about a QNUPS.

If it’s tax savings and more flexibility you’re looking for, you’ll find it here:

21 QROPS Benefits

Qualifying Recognised Overseas Pension Schemes

QROPS Guide

QROPS Pension Guide Download

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