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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! |
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) |
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? |
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. |
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. |
I used:
Ryan E. Donaldson Regional Manager ‑ Europe Tel: +41 (0) 2251 80286 Ext: 2413 Email: [email protected] Web: www.skyboundwealth.com recommended! |
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? |
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. |
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.
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Does Skybound Wealth Management manage expats pensions? Can anyone comment on their own experience with them?
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