Which UK Pension Transfer Is Best For You?

If you have a frozen (or poorly performing) UK pension arrangement you may consider changing schemes. This is particularly the case if you are now expatriate or working abroad.

There are two different schemes that are open to you and which one you choose is based upon the simple question; “Are you likely to return to the UK or to stay overseas?”.

a) SIPP. If you are definitely going to return to the UK then you must chose a “Self Invested Personal Pension” or SIPP. I have found the Wikipedia entry Self Invested Personal Pension to be pretty informative for an overview of the scheme. Even the BBC Business page BBC –SIPPs Made Simple has some good information. My page UK SIPP Transfers will show you how I can help further.

b) QROPS. This is the scheme to use if you are likely to be staying away from the UK when you retire. The “Qualifying Recognised Overseas Pension Scheme” (QROPS) may offer you some huge benefits. The Wikipedia entry Qualifying Recognised Overseas Pension Schemes is not quite as good but it does give an overview. Much more information can be found on my page UK QROPS Transfers along with a list of recommended providers.

I’m available at all times for independent information at no obligation. Just contact me with an outline of your existing arrangements and questions and I shall do whatever I can to help.