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QROPS update: 1st September 2010 Pension Foreign Exchange Report QROPS & QNUPS www.is.gd/eP0Dt — 1 day 4 hours ago
QROPS update: 31st August 2010 Pension Foreign Exchange Report QROPS & QNUPS www.is.gd/eNgju — 2 days 2 hours ago
QROPS update: 27th August 2010 Pension Foreign Exchange Report QROPS & QNUPS www.is.gd/eGocX — 6 days 5 hours ago

The Gerard Associates Ltd Advantage.

A Director led advisory service with global expertise and the security of United Kingdom Financial Services Authority authorised and regulated advice

QROPS Pension Transfer abroad-Gerard Associates Ltd.

2000 Qualifying Recognised Overseas Pension Schemes (QROPS)

QROPS are offered in numerous jurisdictions around the world. These include:

Australia: 540 QROPS
Ireland: 477 QROPS
Guernsey: 176 QROPS
Spain: 8 QROPS
France: 25 QROPS
South Africa: 25 QROPS
Portugal: 15 QROPS
Cyprus: 5 QROPS

But which is the right one for you?

The QROPS listed above can help you to avoid the most common reservations in UK Pension planning:

Buying an annuity by age 75 years and
Restrictions on taking cash.

QROPS are proving to be a revelation for non UK residents. With full approval from HMRC and simpler rules, UK Pensions funds will once again be the best investment you ever made.

Take control of your pension fund.

Contact us now for a free pension review.

+44 (0) 1884 250 118

Submitted by qrops on Wed, 14/Apr/2010

QNUPS – is the latest piece of jargon for the expat with a UK Pension or a QROPS to consider!

15^th February 2010 saw the implementation of The Inheritance Tax Qualifying Non-UK Pension Schemes (QNUPS) Regulations 2010 No. 51. Full details available at: http://www.opsi.gov.uk/si/si2010/uksi_20100051_en_1

Whilst there is no mention of the abbreviation ‘QNUPS’ is seem likely that this will become a common phrase and an integral part of many expats lifecycle financial planning.

The Finance Act 2004 potentially allowed QROPS (Qualifying Recognised Overseas Pension Schemes) death benefits to become chargeable to UK Inheritance tax and these amendments are retrospective to 6^th April 2006.

To clarify a non UK resident may transfer to a QROPS and on death at any age no UK Inheritance tax is payable and this extends to a new category of overseas Pension ‘QNUPS’.

"Third Way" - An Introduction:

This is an explanatory document about the evolution of Pensions in the UK now encompassing the benefits of globalisation, guarantees and Qualifying Recognised Overseas Pension Schemes (QROPS).

The Third Way looks at solutions to the volatility in investment markets and what appear to be long term low interest rates. These factors are beyond the control of individual investors but that have a huge impact on the willingness of individuals to make provision for retirement.

The recent credit crisis has hugely damaged Pensions and Pensioners. Long held assumptions relating to pensions seem to have been swept away. The stock market’s volatility has resulted in pensions significantly dropping in value. The FTSE 100 index is still more than 20% lower than its peak in December 1999. The Bank of England have printed money to buy gilts, employers are cutting contributions - often substantially - to employee pension schemes and annuity rates have plummeted. The timing of this could not have been worse.