[vc_row][vc_column][vc_column_text]

Questions and Answers on UK pensions and Recognised Overseas Pensions Schemes (ROPS)

Contact us for a free no obligation review on all your existing plans. info@gcqrops.com

Click on the questions for answers

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_tta_accordion][vc_tta_section title=”Can I transfer my UK pension to a ROPS before the age of 55?” tab_id=”1534752130668-a59f9745-e9f9″][vc_column_text]Yes, there are no age restrictions on transferring your UK pension.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What are the benefits of transferring my UK pension into a Recognised Overseas Pensions Scheme?” tab_id=”1534752130699-d2cdfb39-508e”][vc_column_text]

1. Protect your heirs.
2. Be in control of your own taxes with no withholding tax on regular income payments.
3. View your fund 24/7. No long and expensive calls to your UK provider.
4. Access your fund when and how you please at age 55.
5. Greater investment choice.
6. Receive quarterly investment reports on how your fund is performing.
7. Access 100% of your fund at age 55 with no withholding tax.
8. Receive an income for life from your UK pension when transferring into a ROPS.

[/vc_column_text][/vc_tta_section][vc_tta_section title=”Are all the Recognised Overseas Pension Scheme providers that you use recognised on the HMRC website? ” tab_id=”1534752456251-6dace0a0-e308″][vc_column_text]Yes. All our ROPS providers are listed on the HMRC website. We provide you with all the links in our initial assessment.[/vc_column_text][/vc_tta_section][vc_tta_section title=”I’m unhappy with my bank deposits. Can you help?” tab_id=”1534752457648-1e5eaa7b-ad93″][vc_column_text]Yes, we can provide a no obligation assessment that suits your attitude towards risk.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Will Brexit effect my options on transferring my UK pension? ” tab_id=”1534752458831-b719413c-e589″][vc_column_text]Difficult question. Our stance is that, we know the options now and why wait for them to potentially change for the worse?[/vc_column_text][/vc_tta_section][vc_tta_section title=”Can I cash in my UK pension early? ” tab_id=”1534752460025-aed48dfa-03f9″][vc_column_text]There are some circumstances that allow you to take the benefits of your UK pension before age 55. Such as triviality rules and ill health.[/vc_column_text][/vc_tta_section][vc_tta_section title=”I worked in the UK and I’m not sure if I paid into the works pension. How do I find out? ” tab_id=”1534752973534-960ea8ea-6f9a”][vc_column_text]We will find any lost or forgotten UK pension with no finding charges and completely under no obligation.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Can I nominate beneficiaries to my ROPS?” tab_id=”1534753127769-58c3b8dd-6d80″][vc_column_text]Yes, you can nominate beneficiaries of your choice.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What are my tax requirements when transferring my UK pension?” tab_id=”1534753171436-48f121aa-6dd5″][vc_column_text]Every transfer is different. It will depend on which county you live in?

If the policy holder and the ROPS provider are both in the EEA, then there is no withholding tax.[/vc_column_text][/vc_tta_section][vc_tta_section title=”I’m 55 and I want to cash in my ROPS. What are my tax responsibilities? ” tab_id=”1534753176120-cf6e584b-eea9″][vc_column_text]Callaghan FS do not provide tax advice apart from the fact that there is no withholding tax from a ROPS to your chosen bank account. You will need to speak with a tax specialist in your area to have a full understating of your tax responsibilities. We can recommend tax specialists for your area.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Where is my fund invested when I transfer my UK pension? ” tab_id=”1534753177407-9d59bdde-2bf3″][vc_column_text]Initially we provide a risk questionnaire. Once completed this will indicate which type of portfolio is suited. A full no obligation investment proposal will be provided.[/vc_column_text][/vc_tta_section][vc_tta_section title=” I’m unhappy with the performance on my existing ROPS, can I transfer my ROPS?” tab_id=”1534753178628-f05b2640-895b”][vc_column_text]Yes, potentially you can transfer your ROPS to one of our providers. We will provide you with a no obligation assessment on transferring out from your existing arrangements.[/vc_column_text][/vc_tta_section][vc_tta_section title=”I need a Financial Conduct Authority (FCA) declaration to transfer my UK pension as the value is over GBP 30,0000. Can you help? ” tab_id=”1534753543826-8f7e4c2f-f7b7″][vc_column_text]Yes our affiliates can help with all your FCA requirements. We will provide a no obligation assessment and charge for the FCA declaration.[/vc_column_text][/vc_tta_section][vc_tta_section title=” Will I be able to view my fund when I complete the transfer process into a ROPS?” tab_id=”1534753545130-001f65ea-6ba4″][vc_column_text]Yes, we will provide you with a secure and unique online username and password. You will be able to view your account 24/7.[/vc_column_text][/vc_tta_section][vc_tta_section title=”At age 55, can I access my fund when and how I please? ” tab_id=”1534754516744-981db96d-b04d”][vc_column_text]Yes at age 55 you can access your fund and payments are made with no withholding tax (Providing you live in the EEA and the ROPS provider is also in the EEA)[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]INFORMATION CORRECT AT THE TIME OF PUBLISHING. 

HMRC DROP THE LETTER ”Q’ IN QROPS FOR ”QUALIFYING” NOW KNOWN AS RECOGNISED OVERSEAS PENSION SCHEME (ROPS)[/vc_column_text][/vc_column][/vc_row]