
Originally Posted by
Brambor
There are a few points I would make about this.
1. The QROPS are not Government QROPS- there is no approval system in place. They are all private companies.
2. The tax on the income (and lump sum in some places like Spain- for example ) is decided by the Double Tax Treaty between the state of tax residency and the jurisdiction of the QROPS. They are not "tax free" in Europe. The income must be declared.
3. Inheritance Tax is not charged on UK schemes and also not charged on QROPS.
4. In most cases , for expats, QROPS are not suitable when compared to UK alternatives.
Only take advice from someone with specific pension qualifications with a clear charging structure.
Alfie, going through the process is one thing. The pension you have at the end will be the determiner.
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