Move your pension account if you are living outside UK

Retired persons of UK worry about what will happen to their pension if they move abroad. They often gave up their choice of relocation to save their pension accounts. Previously they had to pay a hefty tax to relocate their account.

But scenario has changed with the introduction of Qualifying recognized overseas pension scheme in 2006. It enables UK retirees to transfer their pensions to other countries without

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Criteria to qualify QROPS?

QROPS or Qualifying Recognized Overseas Pension Scheme is an overseas pension scheme that gives excellent retirement planning benefits. Its flexible and easily accessible.To avail these advantages you have to qualify some criteria.

Let’s see what the criteria are:

• First if you are residing abroad and holding a UK pension scheme, or you are intending to shift in the next 1 year, you are qualified to

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