Did you forget something when you moved to Cyprus?

What is happening with your UK pension fund?

Do you want to be able to either:

A. Take control of your pension fund?

B.  Have no control over your pension fund?

Do you want your pension fund to grow either:

A. Tax free?

B. Taxed at source?

Do you want to pass on to your loved ones either:

A. All of your pension fund?

B. Less than half of your pension fund?

If the answer to one or more of the above questions is "A" then you need to "SIT DOWN WITH BOB" and discuss the possibility of transferring your UK pension fund to a QROPS.

What is QROPS

A QROPS (Qualifying Recognised Overseas Pension Scheme) is an overseas pension scheme, recognised by HMRC that meet certain conditions and standards equivalent to a UK pension. Therefore any UK pension can be readily transferred to an overseas scheme, provided that the overseas scheme is registered with HMRC as a QROPS. The rising profile of QROPS is a consequence of the new UK pension rules introduced by HMRC on 6th April 2006. The scheme must also meet the requirements of the jurisdiction in which it is domiciled.

When QROPS is available

If you have lived or are planning to live outside of the UK for five years you can transfer any UK registered pension fund to a QROPS scheme. Including personal pensions and SIPP's along with occupational pensions whether they were contributory or not and including final salary or defined benefit schemes.

When QROPS is not available

If you have purchased an annuity with your pension fund, or if you are already receiving benefits from a final salary or defined benefits pension scheme.

The government state pension cannot be transferred as it is not an individual pension fund.

Call 99 612123 to "Sit Down with Bob" for a free pension review.