Questions and Answers on UK pensions and Recognised Overseas Pensions Schemes (ROPS)
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Yes, there are no age restrictions on transferring your UK pension.
- Protect your heirs.
- Be in control of your own taxes with no withholding tax on regular income payments.
- View your fund 24/7. No long and expensive calls to your UK provider.
- Access your fund when and how you please at age 55.
- Greater investment choice.
- Receive quarterly investment reports on how your fund is performing.
- Access 100% of your fund at age 55 with no withholding tax.
- Receive an income for life from your UK pension when transferring into a ROPS.
Yes. All our ROPS providers are listed on the HMRC website. We provide you with all the links in our initial assessment.
Yes, we can provide a no obligation assessment that suits your attitude towards risk.
Difficult question. Our stance is that, we know the options now and why wait for them to potentially change for the worse?
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.
We will find any lost or forgotten UK pension with no finding charges and completely under no obligation.
Yes, you can nominate beneficiaries of your choice.
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.
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.
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.
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.
Yes our affiliates can help with all your FCA requirements. We will provide a no obligation assessment and charge for the FCA declaration.
Yes, we will provide you with a secure and unique online username and password. You will be able to view your account 24/7.
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)
INFORMATION CORRECT AT THE TIME OF PUBLISHING.
HMRC DROP THE LETTER ”Q’ IN QROPS FOR ”QUALIFYING” NOW KNOWN AS RECOGNISED OVERSEAS PENSION SCHEME (ROPS)