QROPS scheme in India

It used to be that UK nationals living as "expats" and looking after UK pensions had few options but to have their pensions in the UK until collection in the required age. They'd no choice but to look at their "frozen" pensions stagnate or shrink while being subject to harsh taxes and regulations. These stringent regulations not just limit investing potential, but in many cases prove bad for the overall pension. This past year, many schemes lost 20%. In addition, heavy tax liabilities could be anywhere from 20-85%. Amongst the most severe regulations, however, is that which prevents pensioners from creating their earnings to any beneficiaries, should a holder die before reaching a pensionable age. The Good News Using the Qualifying Recognised Overseas Pension Scheme (QROPS), approved in April of 2006, foreigners were granted unique governance of their pensions. Built allows for UK pension transfers to other HMRC (Her Majesty's Revenue & Customs) approved pension schemes, in another jurisdiction/country. Essentially, this means greater control and also the ability to protect while increasing pension earnings. The Benefits of an Offshore Pension Scheme The advantages of offshore schemes are many. They're viable, safe and eventually more profitable than keeping pensions in "frozen" funds which frequently result in reduced pensions. Pensioners enjoy greater flexibility while securing their pension funds. <a href="http://qropsadviser.blogspot.com">UK pension advice India</a> Transferring funds to Guernsey, within the Channel Islands, ensures the following benefits: · Tax Efficiency · Investment Flexibility · Currency Choice · A robust HMRC approved pension framework. · The ability to pass on pensions to beneficiaries. Choosing offshore jurisdictions such as the Channel Islands, means ensuring more financial stability. The opportunity to pick a currency is among the most critical factors motivating an offshore transfer. South Africa has one of the world's most inconsistent economies, making the Rand a volatile currency. On average, during the last 20 years, the Rand had devalued from the Pound by over 20% per annum-4000% over this 20 year period. Is QROPS Best for you? If you are a UK National, living outside the UK, no more paying UK taxes and you are between 18 and 75, you could qualify for a QROPS transfer. Most of the restrictions of the existing UK Pension could be overcome through the use of a QROPS Pension Transfer. If your pension is above 25 000 GBP, the benefits far outweigh the expense from the transfer. While living in South Africa may afford you one of the best lifestyles, it undoubtedly poses certain risks because of its immature government and unstable economy. Guarding yourself against risk by securing your pension, inside a neutral offshore jurisdiction having a strong currency, can only be a wise choice.