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QROPS - More Flexibility & Less Tax than UK pensions QROPS Offshore Pensions · Transfer UK Pensions to a QROPS if you live abroad or intend to move abroad · Never have to buy an annuity · Early Retirement Options available · Pension Income is paid to you Gross, without any tax deduction · Leave your pension funds Tax-Free to your children - No IHT payable · Pension Fund grows Tax-Free · No Lifetime Allowance restrictions or taxes · Self Investment - Residential & Buy to Let allowed · Full details & Enquiry Form are below:-
Taking Cash & Income from your QROPS Annuities · Never have to buy an annuity · You can control how and when you take your retirement income
No Tax on Pension Income · Income is paid to you Gross, with no deduction for Tax
Early Retirement · Retirement available from age 50 (55 from 2010) as per UK, but we also offer:- o Special occupations, e.g. (Footballers, age 35) can retire earlier o Early retirement allowed in cases of ill-health o Early retirement allowed subject to Trustees’ discretion
Retirement at age 75 (ASP - Alternatively Secured Pension) · No need to buy an annuity at age 75 · Avoid the UK 82% ASP (alternatively secured pension) tax charge · Leave the fund tax-free to your children
IHT & Passing your Pension to your Children · Pass funds tax-free to children or dependents when you die o Even if you die before having left the UK for five years
Tax Savings that come with a QROPS No Tax on the Pension Fund Growth · Investments are sheltered in a Tax Wrapper · No Capital Gains Tax on any investment assets · No Income Tax · Not subject to the European Savings Directive
No Maximum Funding (Lifetime Allowance) · The UK maximum lifetime funding rules may not apply · So you don’t incur a tax charge if you have large pension funds
Investment Flexibility of a QROPS Allowed investments · All UK regulated investments are allowed · In addition, many other investments are allowed o These include buy to lets and residential property in the UK and Abroad
Sell your Assets to your Pension · Offshore Pension fund may be able to buy your existing asset portfolio such as o Buy to lets and residential properties o Unit Trusts, Shares · This releases to you the equity currently tied up in the investments · It shelters the investments in a tax wrapper o Hence avoiding tax on fund growth or income · It takes your assets out of your estate for IHT purposes o Assets within your pension can be passed tax free to your children
Full Commercial Mortgages allowed · Your Offshore Pension is able to take out a normal commercial mortgage o So it may be able to borrow up to 75% of property value o Whereas, UK SIPPs are extremely limited in how much they can borrow
Funding your Offshore SIPP QROPS We accept transfers from · SIPP or SSAS · Personal Pension or Stakeholder Pension · Occupational Pension, Final Salary · Occupational Pension, Money Purchase · EPP, Executive Pension · S32, S226 · Protected Rights, Funds Contracted Out from SERPS and S2P · FURBS, Funded Unapproved Retirement Benefit Schemes · Income Drawdown Plans, even if they are in payment · If you are 75 and in ASP your funds can still be moved
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