Financial & Legal

QROPS

Trueporteno writes in Financial & Legal

Hello. Did anyone go through the process of getting their pension through QROPS and was it a good move?

Posted on: 18/07/2012 at 23:48

Hi,

transferring to a QROPS has many benefits in comparison to the struggling system in the UK.

there are criterias that you must meet to ensure the tax benefits, but in general it offers far more flexibility, control of where your investments are made, higher drawdown (120 GAD instead of 100GAD in UK), 30% lump sum (25% in UK) and you can bequeath the enire pension to your beneficiaries, should anything happen to you! 

please be wary of offers on the coast from companies offering more that 30% - of which there are many! This is not legal with ref to HMRC, the QROPS scheme must be recognised and administer to HMRC guidelines!

also many firms here will charge you up to 8% or more of your pension pot to do the transfer for you, which again is a cost you do not have to pay. 

If you would like more information regarding this, and who i did mine through - which went very smoothly and i'm very happy to see my pension actually growing rather than declining! Please do message me back and i'll be happy to share with you all the necessary information.

Regards, emma

Posted on: 08/11/2012 at 08:48

Featured Information

Setting Up Home

Setting Up Home

Find out how to get power, water and gas turned on and how to get the rubbish removed.

Read more...
Useful Contacts

Useful Contacts

Find out about services and government organisations that play a part in moving to Spain.

Read more...

Featured Business

Talk Radio Europe

English-language talk radio station with news, current affairs, sport and music. Costa del Sol... Read more...

Talk Radio Europe

English language talk radio with news, current affairs, interviews, sport and music. Costa... Read more...

Essentials

Maps

Useful local maps covering all key areas of Costa del Sol

Read More...

Essentials

Bookshop

Browse and buy interesting and relevant books relating to Spain and Costa del Sol

Read More...

More AngloINFO

Worldwide

Explore the world of AngloINFO through our 83 regional websites and 37 country websites

Read More...

Essentials

Maps

Useful local maps covering all key areas of Costa del Sol

Read More...
X

Welcome to AngloINFO Costa del Sol

Everything you need for life in the Costa del Sol - local information you can trust
The AngloINFO Costa del Sol Business is available for franchising

Do you dream of having your own, profitable, easy-to-operate business? AngloINFO might be the solution!

Now in its thirteenth year of business, AngloINFO is the world's leading network of expat information websites - with over three million monthly visitors from around the world.
We have an established network of 83 local websites in 38 countries with many more in development.

Our 54 local franchisees are the key to our success and come from a huge range of backgrounds, ages and nationalities. The common factor is a passion for success.