Many expats have worked in the UK and accrued a pension there. Capstone can assist those clients with a pension left and frozen in the UK, or those who have already moved the assets to a SIPP or QROPS and feel that they could benefit from our broad range of industry leading asset management partners.
SIPP’s are Self-Invested Personal Pensions, flexible pensions which are domiciled in the UK and allow you greater freedom in managing your retirement savings. Capstone can advise you, as to how best to manage and draw down your UK pension funds.
A QROPS is an overseas pension scheme that HM Revenue & Customs (HMRC) recognises as being eligible to receive transfers from registered UK pension schemes. QROPS allows anyone with a UK pension who is living outside the UK, or is intending to leave the UK, to transfer their UK approved pension offshore.
There are a number of benefits in using a QROPS:
- QROPS Income can be taken from your pension in a more tax efficient way.
- Greater investment choice. Using a QROPS you have more control over where the money in your pension is invested.
- QROPS Income can be taken in a currency of your choice.