If you are anything like me you’ve probably moved abroad for a better life, better climate and to begin a new life chapter. How about doing the same thing with your pension fund?
I guess we all think of pensions as a boring, full of jargon and with plenty of pitfalls but for the majority of us it is going to be nigh on impossible to live the dream without some kind of retirement income to fall back on.
So QROPS why should you bother? This article is not about GAD rates, annuities SIPPS or Lifetime Allowances, this article is about how you can benefit by taking some expert advice on what to do with your pension and then getting on with your new life.
What if you could move your pension away from the UK and ensure that in due course there would be no tax liability if your beneficiaries wanted to take what was left as a lump sum?
What if you could tax your income from a flexible tax efficient structure and ensure that when you are gone you are not creating any UK or Spanish tax problems for those you leave behind?
How about not having to worry about exchange rates or having to transfer funds from the UK, nor having to keep in touch with an advisor back in the UK for ongoing advice?
What if your income could be taxed in your country of residence eliminating the need to deal with tax authorities in two different jurisdictions and trying to get to grips with double taxation treaties?
You may well have accumulated lots of different pension arrangements during your working life, wouldn’t it be great to consolidate these all under one roof so you only have to worry about one provider from now on?
These are just a few of the potential benefits to you of moving your UK pensions into a QROPS. There could be many more, I can think of about another 10, depending on your circumstances, but then I would have to talk and you might lose interest!
Why not treat your pension to a proper review?
We know how important retirement planning is for expatriates like you and me. That’s why we would like to offer you a FREE Retirement Planning Assessment (worth £500) where we will carry out a full review of your pension arrangements. If you already have a clear understanding of your current situation we can offer a FREE tax planning assessment instead (worth £1,000). Just think you will be getting FREE advice on tax planning for Spanish residents as well as retirement, savings and wealth tax mitigation strategies.
We have all come to Spain for a better life let us help you make sure your retirement planning is right for you and that the tax man doesn’t spoil that. Call now on tel 951319727 or email firstname.lastname@example.org. Still in the UK, don’t worry we have an FCA approved office there. Call for details.