QROPS can be based in any country outside the UK, providing the scheme follows HMRC's rules. Guernsey, for instance, is a popular choice, followed by New Zealand, Australia and the Isle of Man. Most of the Guernsey QROPS are for people who have left the UK to live elsewhere, such as in Europe or Asia.
QROPS can be established in one country whilst you live in another. This can allow the pension fund to grow in a low tax jurisdiction, whilst the benefits can be paid in any major currency in another country with possible lower tax rates.
To find out who is cream of the QROPS, please contact us.
Are my investments covered?
Contact us.