If you have previously worked in the UK and contributed to a UK company or private pension and have since become an expat or relocated out of the UK, a QROPS can provide a valuable alternative to a UK pension.
Individuals with UK pension rights, who want less restrictions, more control and a better return on their money, often find that a QROPS is a great way to boost their pension funds.
Pensions are an intrinsic part of your overall financial plan, and it therefore makes sense to weigh up all of your options, especially if you’re planning to live or retire in a foreign country.
QROPS give international workers and expats access to enhanced tax advantages and increased flexibility – allowing them more freedom to control their investments.
QROPS do not function within the same limitations as UK pensions, therefore if you do not intend to stay in the UK, there is no reason for your pension funds to do so.
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