Hong Kong Based QROPS from Hansard

UK expatriates with ‘frozen’ UK pension plans, who have little intention in retiring to the UK, may be eligible to transfer into a ‘Qualifying Recognised Overseas Pension Scheme’ (QROPS).

Hansard have an arrangement with Asia Pacific Super Trust to establish a trust in Hong Kong that is able to hold your UK pension.

The benefits are enormous:

• Tax free transfer subject to £1.8m lifetime allowance cap (fixed from 2010 for 5 years).
• Tax free growth.
• No tax deducted on withdrawals at source.
• Freedom of investment choice.
• IHT Free.
• Estate planning simplification.
• No annuity purchase required.
• Retirement property purchase at retirement permitted.
• 100% of fund available for surviving spouse and then children, IHT Free.
• Live where you like in the world, no complex reporting requirements.
• Protected Rights/GMP become cash.
• Consolidation of pensions into 1 pot.

I have attached a PowerPoint presentation that runs through the scheme in simple terms. To learn more and to see if you qualify for such a transfer, please contact me with an outline of your current situation and the frozen funds. I shall be happy to run through them for you and give you some ideas – completely without obligation.