Every working person should worry about their retirement starting early in their careers. This is not a decision to be made lightly, for it entails our living standards and quality of life in our old age, when expenses pile up due to illnesses or unexpected events. It is better to be protected, but even if you start saving early and making additional contributions to your pension fund, taxes may eat away at your investment. Do what wise investors do and diversify your portfolio. If you have built your retirement fund in the United Kingdom, but seek to retire elsewhere or are already living abroad, or, alternatively, if you are an individual born outside the United Kingdom who built his or her retirement fund in this country, a QROPS pension scheme might be just right for you. A Qualifying Recognised Overseas Pension Scheme, or QROPS, allows the retiree living abroad the ability to move their fund offshore without incurring in sanctions and choose the currency most convenient for their pension, as well as the particular investments they want it in.
It is also a great idea if high taxes are eating away at your nest egg for retirement, particularly if you do not live or plan to live in the United Kingdom during your retirement years. Consult with a pension transfer specialist for detailed information on your particular case. Visit our website, where a team of experts is waiting to answer all your questions and guide you in your own pension transfer.