Pensions … should you hop to a QROP?

First, understand the grey areas...

When it comes to retirement planning, it is difficult to decide what to do with all your UK pensions. You may have several little pension pots, all over the place and all in sterling. The UK currency is not the favoured currency of the moment so the possibility to access local currency may be attractive. There may also be concerns about leaving its value to beneficiaries.

A QROPS seems to be a potential solution and is presently being discussed a lot

In April 2006 the QROPS (Qualifying Recognised Overseas Pension Scheme) was born, the result of EU legislation citing that pensions needed to have portability within the zone.

Advantages include: The possibility of denominating your pension in euros; the ability to leave the value ...

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