SJP Qualifying Recognised Overseas Pension Scheme (QROPS)

In recent years, there have been many changes to the UK pension legislation. So, if you currently hold a Qualifying Recognised Overseas Pension Scheme (QROPS), now is the time to check if it is still helping you meet your retirement goals. 

Since the introduction of QROPS, it has gained popularity amongst expatriates who see it as an alternative to their UK pension scheme, offering a wide range of flexibilities and options. Transferring a UK pension to a QROPS can indeed provide flexibility along with tax benefits and a wider range of investment options.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.

What are your options?

Although your QROPS may be performing as anticipated, this is a complex area of financial planning that frequently includes a sizeable investment. Find out more in detail about your options.

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