“QROPS� (Qualifying Recognized Overseas Pension Scheme) have been available to ex-pats since April 2006. There is no mystery to them, they are basically the same as your UK pension but offer better benefits than the UK. Benefits: I. Return of fund to spouse on the death of the member, then left to your depends on spouses death. (not so in the UK) II. No Inheritance tax. (not so in the UK) III. Possibility of no income tax. (not so in the UK) IV. Freedom of investment choice. (not so in the UK) V. Income paid in a currency of your choice, plus many more benefits. (not so in the UK) The process is very simple and takes approximately three months to complete. In the UK you may not take any benefits before you are 55 years of age. If you are 50 or above and have been outside the UK for 5 complete tax years you may withdraw 25/30% and then an income at 55. If you are pension rich but cash poor, this could be a way of solving temporary financial difficulties.
To find out if you qualify to release money now call 951 206 138 or email admin@kennedyfinancialservices.com or visit www.kennedyfinancialservices.com and complete the free assessment form.