Expat pensions

[Richard Orme]

Hi all, 

For expats from the UK are you aware that a QROP is no longer permitted for a suitabke transfer. You will be charged 25% in tax as you are living outside the EEA. 

Do you hold a current QROP in Guernsey? 317 have no been de-listed and no longer offer flexi drawdown. 

For expats from the US. Are you aware that your 401k or Roth IRA can be transferred to a suitable jurisdiction in the UK. Fully compliant with the US as funds still invested in US markets. 

I would be interested to here from people and there thoughts on this matter. I will soon be joining the expat market in Cebu. 

Best wishes to all

Richard

[Kuya John]

Welcome to the forum Richard, for us less educated maybe you could unravel the abbreviations

[stevewool]

Lost me on this till i looked.

 

https://www.gov.uk/transferring-your-pension/transferring-to-an-overseas-pension-scheme

[Old55]

Welcome to the forum Richard. We are sure you mean well but will politely ask you read the forum rules to do with advertising. 

 

[Richard Orme]

Hi and thank you for the welcome. Not advertising, eiuld rather habe the chance to make people aware. 

Alot of people do not understand at the moment. Yes i do work in the industry and therfore come across this daily. 

[Richard Orme]

9 minutes ago, stevewool said:

Lost me on this till i looked.

 

https://www.gov.uk/transferring-your-pension/transferring-to-an-overseas-pension-scheme

Hi Steve 

 

Thank you for the understanding.