UK Pension - Transfering to EU country
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UK Pension - Transfering to EU country
Hi,
Looking for advice on transfering a UK pension to a EU country (EU resident).
What is the best way to do it? Any feedback on financial institutions managing pensions abroad? (listed on unbiased.uk.com if possible...)
Many thanks!
Looking for advice on transfering a UK pension to a EU country (EU resident).
What is the best way to do it? Any feedback on financial institutions managing pensions abroad? (listed on unbiased.uk.com if possible...)
Many thanks!
If you haven't already....its probably best to check to see if HMRC allow a transfer to the desired country....
Check the recognised overseas pension schemes notification list - GOV.UK (www.gov.uk)
Check the recognised overseas pension schemes notification list - GOV.UK (www.gov.uk)
Join Date: Jun 2007
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I would also be interested in that... (UK pension to be cashed in France in 4 years at the age of 55).
Anybody knows or has advice on a company called Alexander Peter Wealth Management? Any other company to recommand?
Anybody knows or has advice on a company called Alexander Peter Wealth Management? Any other company to recommand?
Join Date: Oct 2022
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I would happily recommend Richard Holmes of gerrards wealth management. He has been looking after my interests for several years.
Richard is a Brit based in Budapest who specifically caters to ex-pats.
Richard is a Brit based in Budapest who specifically caters to ex-pats.
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I have already done this.
UK pension fund, QROPS from the UK to Malta (Malta is EU and aligns very closely with UK pension regs). Once I get to 55 I will transfer the cash from Malta to France with a single figure tax charge and then the rest is tax free, well worth doing
You are entering a very specific area of expertise and would be wise to take advice particularly as HMRC check this stuff very closely.
I used an independent adviser in France and then I managed the transfer of the funds from the UK to the new arrangement, it isn't technically a pension per se rather a bond within a pension type wrapper.
Depending on your own knowledge of pensions get some free advice.
Google QROPS transfer + your destination country.
UK pension fund, QROPS from the UK to Malta (Malta is EU and aligns very closely with UK pension regs). Once I get to 55 I will transfer the cash from Malta to France with a single figure tax charge and then the rest is tax free, well worth doing
You are entering a very specific area of expertise and would be wise to take advice particularly as HMRC check this stuff very closely.
I used an independent adviser in France and then I managed the transfer of the funds from the UK to the new arrangement, it isn't technically a pension per se rather a bond within a pension type wrapper.
Depending on your own knowledge of pensions get some free advice.
Google QROPS transfer + your destination country.
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I used:
Ryan E. Donaldson
Regional Manager ‑ Europe Tel: +41 (0) 2251 80286 Ext: 2413
Email: [email protected]
Web: www.skyboundwealth.com
recommended!
Ryan E. Donaldson
Regional Manager ‑ Europe Tel: +41 (0) 2251 80286 Ext: 2413
Email: [email protected]
Web: www.skyboundwealth.com
recommended!
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As far as I understand there are no QROPS in France and I have to go through a third (EU/EEA) country.
Malta has been mentioned above... Is it in your opinion one of the best option? Any particular recommandations over there?
Malta has been mentioned above... Is it in your opinion one of the best option? Any particular recommandations over there?
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Any news/update on this thread? Like some of you here, I am also considering QROPS in Malta. Lots of companies names pop up on google but I am uncertain on which ones are reliable. I have read there are lots of scams/fraud with pensions transfers and some companies are targetting expats in particular....
I realise it is a very sensitive subject when it comes to financial advise but if some of you had genuine experience with particular companies in Malta (good or bad), it would be greatly appreciated.
I realise it is a very sensitive subject when it comes to financial advise but if some of you had genuine experience with particular companies in Malta (good or bad), it would be greatly appreciated.
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My take is the problem is many “Advisers” are being paid commission to flog financial products, so they are acting in their own self-interest rather than their clients best interest. Transparency is key. My Adviser is only paid by me (all clearly documented) he doesn’t get a penny in commissions from the financial services industry. In my QROPS I have a low-cost investment platform and portfolio, no hidden fess. I know he is sitting on the same side of the table as me, working in my best interest, and with no conflicts of interest. We transferred my pensions to a QROPS just when covid was getting going, and I have been very happy with the investment results and everything that he has done. He is an experienced safe pair of hands. Highly recommended by a friend and he has absolutely met my expectations.
