A Qualifying Recognized Overseas Pension Scheme, or QROPS, is a retirement fund option that allows a retiree who built his or her pension in the United Kingdom and is living abroad to do a pension transfer to another country and in the currency of the retiree’s choosing without incurring in sanctions. It is an ideal option for natives from this country who emigrated after retiring and for immigrants who spent their working lives in the United Kingdom and now seek to return home with their families. With a QROPS you get to choose the type of investment that yields the most benefit to you. After all, it is your money and you certainly worked hard for it for years and years. You should be free to decide on it and a QROPS affords you that. You can also choose the currency you want to be paid in.
Additionally, if you are living outside of the United Kingdom, a QROPS avoid the higher expenses from the United Kingdom’s tax system. This is particularly important when you are at a stage in your life when your income is fixed. If you are already living abroad or plan to move to another country in the near future, contact a pension transfer specialist at http://www.qropsspecialists.com/ to receive more information and to have all your questions answered on the particulars of your case. Do not make this decision alone. Let an expert guide you through the intricacies of the pension transfer and navigate easily the details of the QROPS process.