After working for years and years, everybody would like to picture a peaceful, enjoyable and secure retirement. Perhaps you have already decided to move to a tropical paradise or somewhere warmer. Maybe you spent your working life in the United Kingdom away from your family and your own country and retirement is the opportunity to go back. Whatever your situation, if you are nearing retirement, you accrued your pension funds in the United Kingdom, and will be living in another country, it would be in your best interest to look into the Qualifying Recognised Overseas Pension Scheme, or QROPS, as it is often referred to. This is an opportunity to transfer your pension funds overseas. It does not matter whether you are a citizen of the United Kingdom or not, as long as you have earned your pension while in the United Kingdom. Take advantage of the convenience the QROPS affords retirees living abroad. You can pick the currency you want your pension to be paid in, you choose the bank and the best investment options for you. It also liberates your funds from the United Kingdom’s tax system, which can levy hefty taxes on your funds, not to mention taxes in your own country of residence.
Visit QROPS SPECIALISTS today and read up on all the articles available for you regarding pension transfer and QROPS, see if this is a suitable option in your case. Also, contact a pension transfer specialist who will be happy to assist you in your pension transfer.