UK Pensions in Isle of Man
Along with all the necessary steps that one must take to move permanently to another country, your UK pension is something that is worth a considerable amount of thought and planning, especially now that the option has arisen to allow UK expatriates to transfer their UK pension into an Isle of Man QROPS fund and gain from the many benefits that come with having your pension transferred into a QROPS provider based on the Isle of Man.
There are currently over 100 QROPS providers which operate from the Isle of Man and that are on the HMRC QROPS list. Click here to view the latest QROPS list with details on which pension schemes are available in each jurisdiction.
The Isle of Man offers much lower tax implications and has strong investor protection principles that are similar to those associated with the UK which is some of the reasons why passing over your UK pension into an Isle of Man QROPS is a very wise move and worth a considerable amount of thought.
For a complete breakdown of the QROPS benefits that you could profit from and for an assessment of your individual circumstances, we advise you to get in touch with a QROPS expert who will be able to let you know what particular options are open for you to take and whether transferring your UK pension scheme into an Isle of Man QROPS is the right move to make.
For further information on QROPS transfers and for a qualified QROPS adviser to contact you, simply fill in your details in the contact a QROPS adviser page to receive free QROPS advice.
