QROPS - UK Pension Transfer 
How to transfer a UK Pension or "frozen" UK Pension using a QROPS Pension Transfer 
QROPS - UK Pension Transfer
A QROPS Pension Transfer is a transfer of a UK Pension, or a "frozen" UK pension into another HMRC approved pension scheme, in a jurisdiction outside of the UK. QROPS means Qualifying Overseas Recognised Pension Scheme, and is a fantastic option if you have left the UK or are planning to leave the UK within 12 months. 

<br/>QROPS UK Pension Transfer
If you have the option and qualify for a QROPS Pension Transfer, it is something that you should definitely consider as the benefits far exceed the costs, and it is an easy way to increase the value of your estate. 
 
The reason that a QROPS Pension Transfer is such an attractive option is due to the limitations and restrictions placed upon an existing UK Pension or "frozen" UK Pension. Most people have a minimal understanding of UK pensions, and as a result are ignorant of the limitations. Once they understand the limitations of their current pension scheme and how a QROPS works, it becomes apparent why 90% of people who qualify for a QROPS Pension Transfer, utilise the option. 
 
Each existing scheme is limited both by UK Pension Regulations, as well as the specific regulations of the individual pension scheme. 

In 2006, the UK Government introduced QROPS Pension Transfer legislation. If you qualify, this allows you to transfer your UK Pension to another jurisdiction with greater flexibility and less restrictions. For the first five tax years (6 Apr to 5 Apr), the QROPS Trustees are required to report any withdrawals or contributions to the HMRC. However, after these 5 years, they are no longer required to report to the HMRC and you will now have effectively 100% control of your pension.  
 
One of the most important considerations of a QROPS is the jurisdiction of the QROPS Pension Transfer. You need to ensure that it is safe, secure and has similar financial principles to the UK. 

Many individuals have moved their UK Pension to a jurisdiction such as Thailand or New Zealand, and have found that they have lost much of the value, due to a weak currency. Other jurisdictions have a higher tax charge, or even more restrictions than the UK. Thus, you need to carefully consider the jurisdiction that you want to transfer your UK Pension to, and this should be discussed with an adviser.  
 
One of the most popular jurisdictions is Guernsey, due to their strong investor principles, established financial security, and the fact that they have worked closely with the HMRC to ensure a robust QROPS framework. 
 
Guernsey was recently voted the top financial jurisdiction in the world, even ahead of the UK! If you do a QROPS transfer to Guernsey, you can keep your pension in a safe, neutral jurisdiction, in a currency of your choice. Thus, wherever you are in the world, or how often you may move, you know that your QROPS Pension Transfer will be safe. 

QROPS Resources:
Who Qualifies for a QROPS Pension Transfer?
What are the Benefits of a QROPS Pension Transfer?
What are the Costs of a QROPS Pension Transfer?
What is the procedure for a QROPS Pension Transfer?

Visit QROPS Pension Transfer for an in detail site on QROPS or you can visit this article on QROPS Pension Transfers.
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