Qualified Recognised Overseas Pension Schemes

QROPS not only offer significant advantages to retirees but also assists genuine emigrants and mobile workers plan for retirement.
The benefits of QROPS are obvious – income can be paid gross, and pensioners can control how their pension is invested, plus there is no requirement to buy an annuity at age 75, so the pension-fund assets can pass to beneficiaries.

Given the high level of complexity and the endless potential conflicts of the rules and laws and taxation in different jurisdictions, it was not simply a matter of picking a QROPS pension scheme off the HMRC website and retiring, Choosing the best scheme, strategy and jurisdiction require the advice of specialist international-pension advisers.

Guernsey

Guernsey is renowned around the globe as a mature, well established international finance centre. For over forty years the Self Governed Island has been providing fiduciary services, provision of trusts, corporate services and now QROPS schemes. Guernsey saw some of the very first QROPS to be created and therefore has a long history dealing with QROPS transfers and QROPS rules and regulations. With a low tax status, close ties to the UK and with its English speaking staff, Guernsey is a highly attractive QROPS jurisdiction for many individuals no matter where they now live or plan to reside.