QROPS in Cyprus
QROPS in Cyprus - Why transfer your pension?
We can arrange the transfer of your UK pension fund to a QROPS in Cyprus (Qualifying Recognised Overseas Pension Schemes). As you may have read some QROPS are more flexible after the transfer, which means in many cases that you can withdraw all you pension as a cash lump sum to fund property purchases, day to day living or anything else you require.
Many people now find that moving their UK pension to Cyprus is beneficial as QROPS are more attractive than leaving a pension in the UK while living abroad - the flexibility and tax benefits have meant that thousands of people have taken advantage of by switching to a QROPS in Cyprus.
QROPS in Cyprus provide a large amount of flexibility as well as access to global stocks and markets that UK pensions are restricted from. The great news is that QROPS can be made in nearly all major currencies which takes away the uncertainty of exchange rate fluctuations. In addition a QROPS in Cyprus does not have to reside in the same tax area as the actual pension holder - so you can have a QROPS in Cyprus but live elsewhere outside the UK.
• Bigger pension Fund.
• No UK tax to pay.
• A larger tax free lump sum.
• No UK death duties to pay.
Contact us today for no obligation QROPS advice from our FSA regulated British advisors. Info@cyprus-mortgages.co.uk