QROPS ADVICE: BENEFITS OF A GUERNSEY QROPS

> Transfer Offshore
The transfer of your UK registered pension can be effected without the deduction of any UK tax.
> International Use
No matter where you move in the world, nor how often you may move, your plan stays in the neutral offshore jurisdiction of Guernsey.
> Guernsey
Guernsey is an independent, well regulated and internationally accepted jurisdiction with a firm framework of legislation and practices in the financial services sector. Pension providers on the island have worked closely with HMRC to ensure a robust QROPS offering for both its resident and international clients.
> Eligibility
Anyone over the age of 18 and under the age of 75 years, excluding Jersey, US and Canadian nationals or residents, is eligible to join the Plan.
UK residents will only be eligible to join the Plan if they have clear intention to become non-UK tax resident within the next 12 months.
> Entry Level & Contributions/Transfers
• £25,000 or currency equivalent minimum single contribution or transfer
• £3,000 or currency equivalent pa minimum regular contribution
• £1,000 or currency equivalent minimum ad hoc contribution
There are no penalties to stop, start or amend contribution levels, nor is there a limit on contributions.
> Transfer Value
There are no restrictions on the amount that can be transferred. This allows you to consolidate your pension assets.
> Consolidation
This reduces the requirement for you to continually transfer your pension and your assets remain in a politically stable and well regulated environment.
> Lifetime Benefits
• An optional tax free lump sum;
• Income payments must commence within one year of taking a tax free lump sum;
• Income payments may be taken by way of an annuity, an annuity certain, or (for International Members only), a regular drawdown.
> Death Benefits
All remaining assets upon your death are distributed to Named Beneficiaries. Options available upon death include:
• An annuity to spouse or dependants;
• Payment of the proceeds of your plan to a new plan(s) for Named Beneficiary(ies);
• Retention of your plan in trust for distribution at a predefined date or future event (within 2 years of your death);
• Winding up of your plan and payment into your estate;
• Winding up of your plan and payment directly to Named Beneficiaries.
In order to cater for changing circumstances you can easily amend your succession instructions.
Annuities are not purchased from Life Assurance companies. Thus, on death all remaining assets are returned to your plan for distribution in line with your wishes. These assets would otherwise be lost.
> Tax
Tax Efficient Growth
Income and capital gains from the assets within your plan are not subject to Guernsey tax. Therefore, the assets within your plan grow in a tax efficient environment.

Apply online at www.qrops-advisers.com