Why QROPS could be the right choice for your client

Mercator Trust's Stephen Collier explains how Qualifying Recognised Overseas Pension Schemes could benefit your clients who move overseas.

There are a number of new pension savings options available to individuals who still want to save for their retirement. For example Employer Funded Unapproved Retirement Benefit Schemes commonly referred to as EFURBS. But this is not the case for individuals who have left the UK already. Non-UK resident individuals who have left the UK, for instance because they have emigrated abroad or who were only in the UK for a number of years and have now left, had limited options until 2006 and as a result they would probably have had to suffer the UK tax charges on their registered pension fund u...