Making The Best Of UK Annuities – The QROPS Solution For Expats

11/25/2012 Posted by admin

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Since 2006, folks with UK allowances who are, or who will become, non-resident in Britain for tax purposes have managed to move their annuity advantages to a Qualifying Recognised Overseas Pension Scheme. In addition, UK annuity benefits tend to die with the member and the fund cannot be passed to beneficiaries. Yet these issues can be evaded by transferring the personal annuity out of the UK. What's a QROPS? . A QROPS scheme permits UK non resident people to transfer their annuity overseas freed from tax (unless it surpasses the prevailing

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