You can get professional help regarding Qrops transfers and Qrops providers. In the United Kingdom pension schemes are still a highly tax efficient means of saving money for your retirement. There have been recent government changes such as the addition of capped drawdown and flexible drawdown which offer you additional means of controlling the capital in your retirement accounts. QROPS—or the Qualifying Recognized Overseas Pension Schemes—should be a part of your individual retirement planning if you retire abroad. If you have an existing UK pension fund you can often transfer it to a new QROPS pension. There are many advantages to this. The first advantage is that a QROPS will come with tax advantages once you are no longer a UK resident for a minimum of five consecutive tax years. One of these advantages is no death taxes. Another benefit to starting a QROPS is that you have more flexible investment options at your disposal. You can also consolidate any smaller existing pensions into the single QROPS account. Another benefit is that at your retirement age the cash and income will be paid gross and there will be no withholding of taxes. You also have no need to purchase an annuity.

There are experts available from places such as Gerard Associates who are able to advise you the different opportunities for financial planning you have at your disposal. You will find experts at this company who can help guide you toward the best methods of management for your retirement funds. If you plan on leaving the United Kingdom after retirement or you are already living outside of the United Kingdom it is important that you start researching QROPS right now. This enables you to control your pension better and may give you more benefits than a traditional pension fund. It is equally important that as you continue to research your options you choose advisors to help answer any questions you may have about the benefits of QROPS or making transfers from other pension funds.

When you start planning your QROPS transfers be sure to hire a consultant who can advise you about UK pension retirement as well as income planning. It is important that you find a consultant with experience in QROPS financial advising as it is a specialized niche. These professionals will be able to help you with pension drawdown as well as QROPS related schemes. By hiring professionals you can ensure you are given the right advice.