What are the Benefits of a QROPS Pension Transfer?
The benefits of a QROPS Pension Transfer are numerous, and depend upon the jurisdiction chosen.
These benefits can be summarised as follows:
· No need to purchase an annuity. (although you can if you want to)
· Tax-efficiency (this saving alone, will generally cover all the QROPS costs)
· Higher investment flexibility. (instead of beating inflation, you can now target higher returns, with more stable investments)
· Consolidate multiple pension funds into one.
· All assets within the QROPS are distributed to your Named Beneficiaries on death.
· 100% control after 5 years.
Thus, if you consider the QROPS Benefits, as opposed to keeping your Pension in theUK
These benefits can be summarised as follows:
· No need to purchase an annuity. (although you can if you want to)
· Tax-efficiency (this saving alone, will generally cover all the QROPS costs)
· Higher investment flexibility. (instead of beating inflation, you can now target higher returns, with more stable investments)
· Consolidate multiple pension funds into one.
· All assets within the QROPS are distributed to your Named Beneficiaries on death.
· 100% control after 5 years.
Thus, if you consider the QROPS Benefits, as opposed to keeping your Pension in the