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Hong Kong QROPS NEWS FLASH
 

Hong Kong QROPS NEWS FLASH

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Hong Kong QROPS NEWS FLASH Lastest QROPS Guide

Hong Kong QROPS NEWS FLASH Lastest QROPS Guide

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    Hong Kong QROPS NEWS FLASH Hong Kong QROPS NEWS FLASH Document Transcript

    • QROPSEXPERT GUIDEWealth Management Hong KongWe hope you find our guide informative and that it highlights some of the vast financial planning opportunitiesavailable to you by transferring your UK pension rights to a Qualifying Recognised Overseas Pension Scheme(QROPS). Our guide is intentionally generic and therefore individual questions may arise that you would likeanswers to. If at any time you would like more detailed information please e-mail us at gary.williams@f-p.hkor simply Call +852 5307 3732 we will be pleased to answer any questions you may have • Page 2-3 Why a QROPS – because a QROPS can “Seriously Increase Your Wealth” • Page 4 Introduction • Page 5-7 About QROPS • Page 8-11 Frequently Asked Questions • Page 12 Conclusions • Page 13 Next Steps • Page 13-15 Our Services • Page 16 Client Testimonials • Appendix About UsGary Williams MBA (Durham) BSc (Hons) FPC MAQ CeRER CertPFS“With over 19 years experience as an International Independent Financial Adviser; I provide specialist advice,together with extensive international experience. Providing my clients with the experience and expertise thatthey are looking for”T: +852 5307 3732E: gary.williams@f-p.hkW: www.wealthmanagementhongkong.com
    • QROPSEXPERT GUIDEWealth Management Hong KongWhy a QROPS (a Qualifying Recognised Overseas Pension Scheme)Because A QROPS can “Seriously Increase Your Wealth”Most UK pension schemes are only permitted to pay 25% of the underlying pension fund in theform of a (TAX FREE) lump sum. However, QROPS are subject to different Her MajestysRevenue and Customs (HMRC) rules that relate specifically to QROPS, which can permit amuch larger lump sum withdrawal.As a consequence under current Isle of Man (IOM) QROPS legislation only 70% of theunderlying transfer value is required to remain in the QROPS, when you chose to take thebenefits from age 55 (at crystallisation) the remainder is available as a TAX FREE lump sum.For example; James who is 45, transfers a total of £200,000 (all non-protected rights) into aQROPS scheme based in the IOM, from his UK pension arrangements.When James reaches say age 65, and is thinking of retiring, his QROPS fund has grown to say£600,000. Being a non-UK resident for over 5 years, James is only required to take a pensionwith £140,000 of his accumulated QROPS fund (this represents 70% of the “Original” transferamount of the original £200,000) the excess over this £140,000 can be paid to him as a “TAXFREE” lump sum amounting to some £460,000. So his maximum lump sum in this example issome 75% of his total pension fund – all, currently, in accordance with HMRC rules.In contrast; if James had kept his pension in the UK his maximum lump sum would have onlybeen 25% of his fund, some £150,000.So, currently, an IOM based QROPS allows James – in accordance with HMRC rules – to take alump sum which is say in this example some 3 times larger, and all TAX FREE. As opposed toa person within a UK pension scheme, the maximum tax free lump sum would be restricted to 25%of the underlying fund value.In Summary, under current IOM legislation only 70% of the underlying transfer value is requiredto remain in the QROPS when you chose to take the benefits from age 55 (at crystallisation) theremainder is available as a TAX FREE lump sum – to spend as you wish.In addition the remaining pension income is paid GROSS and not NET of UK income tax atyour highest marginal rate – clearly again this has the potential of increasing your wealth if youlive in country where no tax is payable on unearned income; for example in Hong Kong, youwould receive your pension income from the UK GROSS TAX FREE and it would remainTAX FREE here in Hong Kong.W: www.qrops.wealthmanagementhongkong.com Page 2 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong Kong Total Fund Value £600,000 25% TAX FREE CASH £150,000 TAX FREE CASH OUT Pension Contributions 75% Locked In TAXABLE Pension £450,000 Income OUT A UK Pension Scheme Total Fund Value £600,000 75% TAX FREE CASH TAX FREE CASH OUT Pension £460,000 Contributions Pension Income OUT 25% Locked In PAID GROSS £140,000 A QROPS Pension SchemeW: www.qrops.wealthmanagementhongkong.com Page 3 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongIntroductionWealth Management Hong Kong provides you with all the answers and help that you have beenlooking for in deciding if a QROPS (a Qualifying Recognised Overseas Pension Scheme) may beright for you! Not only can you study the information contained in this guide, but if at any timeyou need more detailed information, analysis, or friendly advice in plain English then we arehere to help you.Anyone with a UK pension scheme who now lives overseas as an expatriate, or is planning toleave the UK, can now transfer their existing pension provisions into a QROPS.And the financial benefits can be huge if planned correctly; by improving the investment growth,flexibility, and future financial security of your pension – “YOUR MONEY”.Compiled by industry experts with over 19 years experience, our aim is to maximize yourexpatriate status and help you achieve your financial goals by getting more out of YOURPENSION – “YOUR MONEY”.We will only ever help you transfer to QROPS providers if they are right for you and yourindividual circumstances, and that are 100% approved by HMRC; in addition we can also adviseyou as to the best jurisdiction you should use, given your individual circumstances.If, at any time you would like to speak to one of our specialist QROPS advisers then we are hereto help you.You can contact us without obligation or charge and in total confidence. To receive impartial,expert QROPS advice our contact telephone number is +852 5307 3732W: www.qrops.wealthmanagementhongkong.com Page 4 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongAbout QROPSQROPS came about as a result of changes to the UK pension’s legislation that came into effecton 6th April 2006 – “A Day”. These schemes enable a member of a UK pension scheme totransfer to an overseas scheme recognised by Her Majestys Revenue and Customs (HMRC).There are a number of jurisdictions approved by the UK tax authorities and they are offered by anumber of providers.They are only available to people who are planning to cease being a UK ordinary resident, orwho are not currently an ordinary resident in the UK, and who are no longer making, or willcease to make future contributions to their pension scheme. Furthermore the existing pensionscheme must not be in drawdown; for example you have not currently taken any benefits fromyour scheme (for example, any tax free cash and / or an income).The main benefits of a QROPS are: • Benefits are available from age 55. • There is no requirement to purchase an annuity on retirement or at any other time. • Greater flexibility exits in how you can take an income from the underlying fund. • A minimum of 30% of the underlying fund value is available as a TAX FREE lump sum. • Under current Isle of Man (IOM) legislation only, 70% of the underlying transfer value is required to remain in the QROPS when you chose to take the benefits from age 55 (at crystallisation) the remainder is available as a TAX FREE lump sum. • The underlying investments grow in a tax-free environment (other than dividend withholding taxes). • The full fund is payable free of any UK Inheritance Tax (IHT); in the event of your premature death whenever and where ever that occurs with a current tax rate of 40%. • Tax advantages and guarantees provided by offshore investments; whilst remaining under the comfort of the UK regulatory framework. • There are no UK income tax liabilities on received pension payments. Payments are paid GROSS of any UK income tax. • Greater control over the investment of your underlying investment fund, with a wide range of choices available to you. This is important because, the greater the underlying fund value – all other things being equal – the larger your income will be. • Greater flexibility over the nature and timing of your retirement benefits. • The pension fund can be denominated in a wide range of currencies to suit you (this may reduce currency risk).W: www.qrops.wealthmanagementhongkong.com Page 5 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong Kong • QROPS are exempt from the UK Lifetime Allowance (the maximum value of the underlying fund; before tax on any excess becomes liable; currently at a tax rate of 55%). • Wider limits on pension income levels, which can be varied to suit your individual circumstances. • A QROPS removes “Your Money” from UK HMRC Pension Tax currently calculated at a tax rate of 55%. • A particularly flexible contract where an extensive range of investments can be made. • Saliently a QROPS puts you back in control of YOUR MONEY.In addition we provide: • A highly experienced investment management team with over 19 years of expertise. • Regular reviews on your investments; and to changes to your personal circumstances.QROPS then have significant advantages for people looking for greater control over theinvestment of their pension fund; and the shape and timing of their retirement benefits in theirlifetime; and who also see the advantages of passing over TAX FREE lump sum benefits in theevent of their premature death. With the pension income being paid FREE of UK Income Tax;there are clearly advantages for people living in jurisdictions where pension income is not taxed(Note: we recommend that you seek individual tax advice regarding your particularcircumstances).But where do you turn to next for the best advice?Best advice means not just informing you about the benefits, but also any potential pitfalls thatyou should consider. That’s where our FREE evaluation service becomes invaluable in helpingyou source expert independent advice and guidance.After you have read through the rest of our guide, may we suggest you contact us for adiscussion relating to all the points you should consider depending on your personalcircumstances. Then simply call us on +852 5307 3732 we will be pleased to help you andanswer your questions.At the back of this guide we have provided a “Clients Notes” page for your convenience; so that you canrecord your questions and thoughts prior to calling us.W: www.qrops.wealthmanagementhongkong.com Page 6 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongPoints to Consider Before Transferring Into a QROPSBefore transferring away from your existing pension provider it is important to consider: • Whether there are any Guaranteed Annuity Rate benefits attaching to your current schemes. These benefits were not uncommon in the past, when interest rates were much higher than they are at present, and therefore look attractive in the current market. • Charges and penalties on the exit of your UK pension scheme. • The charges of the new QROPS scheme, in comparison to your existing arrangements. • The different benefit structures and tax treatment of your existing scheme and a QROPS. • Any known future changes to UK pension legislation and the potential impact this may have on your decision. • Any known impending changes in legislation within the various jurisdictions that offer QROPS.How do QROPS Schemes Work?QROPS consist of two elements: 1. The QROPS Trustees: the trustees are responsible for the administration of the QROPS scheme; and to ensure that it operates within the QROPS and HMRC rules and regulations. 2. The QROPS investment vehicle: this is where your underlying assets are invested.Because of the significant opportunities for such schemes to be abused; HMRC tend to monitorthese closely and penalise members and schemes for making unauthorised payments. During thefirst five years QROPS providers are required to report all payments from the scheme to HMRC.This is another reason why the correct advice and the selecting of a provider (the “Trustee”) thathas a good standing with HMRC is paramount here.With regard to the choice of investment vehicleWe provide: • A highly experienced investment management team with over 19 years of expertise. • Regular reviews on your investments; and to changes to your personal circumstances.W: www.qrops.wealthmanagementhongkong.com Page 7 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongFAQWhat is the minimum value I can transfer to a QROPS?In our experience the better schemes require funding of around 50,000 GBP. However, there aresimilar schemes available from 25,000 GBP. Whatever your situation, and UK pension transfervalue, contact us anyway as there is usually a solution to be found.Will payments from my QROPS pension fund be reported to HMRC in the UK?QROPS providers are required to notify HMRC of any payments from transferred pensions inrespect of a relevant member during the initial 5 years from the time the member ceased to be anordinary resident of the UK for tax purposes.And in the event that the member becomes an ordinary resident for tax purposes in the UK; whenthe payment is made.If I transfer my UK pension into a QROPS will I have to buy an annuity?No, although you may if you wish. Without the need to purchase an annuity it means you caninvest into wide ranging assets, and gain the advantage of passing any remaining funds uponyour premature death to your loved ones. Without any liability to the UK Pension Tax at 55%or UK IHT at 40%.Who may apply to transfer their pension into a QROPS?Most of the schemes are not available to US citizens and there can be problems with USresidents; however any other nationality may apply.What investment choice and freedom will I have with a QROPS?The investment choice will normally be very wide indeed. Under certain circumstances you canmanage the assets yourself with total freedom, or work with an investment manager / financialadviser.You may also appoint an investment manager to make the decisions for you or with you.It really depends what you are looking to achieve and how involved you would like to be withthe investment decisions?W: www.qrops.wealthmanagementhongkong.com Page 8 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongWe can arrange for an investment adviser to work with you by reviewing your QROPS fundassets and make recommendations to you on a quarterly basis.There is no limit to the size of funds that may be accumulated within a QROPS; and a QROPS isexempt from the UK Lifetime Allowance (the maximum value of the underlying fund; before taxon any excess becomes liable; currently at a tax rate of 55%).How & when can I take benefits from my QROPS?Typically there is considerable flexibility in the timing of taking any benefits from a QROPS.Usually benefits will be taken from the age of 55, but it can be possible to access funds before orafter these ages. Please contact us for further information dependent on your circumstances.Once I’ve transferred my UK pension to a QROPS can I access my fund as a 100% lump sum?Unfortunately the answer here is no. This is because the funds that you have built up (aftertaking your TAX FREE lump sum) are required under the current QROPS / HMRC rules toprovide an income for you and your dependents for the rest of your life, and perhaps beyond.How will any benefits or withdrawals be taxed?Most of the schemes we recommend the pension income is paid GROSS (TAX FREE). The taxtreatment of any income you receive will depend upon where you are tax resident at the time.(Note: we recommend you seek individual tax advice regarding your particular circumstances).What will happen to my QROPS pension fund upon my death?Typically – and a major benefit of a QROPS – is that the remaining value of the fund is paiddirectly to your beneficiaries. Without any liability to the UK Pension Tax at 55% or UKIHT at 40%.I may go back to the UK in the future, can I still benefit?QROPS are for people whose intent is not to return to the UK in the future. However if this issome time away – say 10 years plus - then you may still want to consider a QROPS as thebenefits of ownership are substantial. Please contact us to discuss your particular circumstances.W: www.qrops.wealthmanagementhongkong.com Page 9 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongI have a UK SIPP and I have drawn an income, can I benefit?A QROPS can be used to receive transfer values from any UK registered pension schemewhether this is for example a Personal Pension Plan (PPP), a Self Invested Personal Pension Plan(SIPP), a Small Self Administered Pension Scheme (SASS), or an Occupational Scheme whetherits a Money Purchase Scheme or a Final Salary Scheme – all can be transferred to a QROPS.However if the pension scheme benefits have or are already being taken, then it is not possible toundertake the transfer.How long will a transfer to a QROPS take?Most transfers can take 2-3 months. The process is initiated by you completing a letter ofauthority enabling us to get the relevant information from your existing pension provider; forexample the current benefits and a transfer value. This is not binding in any way, and will onlyallow us to receive the details regarding the pension scheme that you have. However it will allowus to provide you with individual expert independent advice reflecting your personal individualcircumstances and future plans.Can I transfer funds and assets in my UK scheme or do I have to liquidate them into cash?This will depend on the pension provider you have, and the assets that you hold. Generally atransfer will be quicker if converted into cash. Please contact us to discuss your particularcircumstances.What are the key facts to look for in a good QROPS?Strong investor protection from a well established jurisdiction similar to the UK, investmentprotection, transparency of charges and tax efficiency.My pension fund is substantial, what tax implications may there be?A transfer to a QROPS will be a benefit crystallization and therefore will give rise to a tax chargeif the amount exceeds the lifetime allowance (currently £1.8 million in the 2011 tax year). Ifyour fund is in excess of this amount then please contact us for specialist advice.Are there any circumstances in which I shouldnt transfer to a QROPS?Yes there are, although in most situations we have come across so far, as long as you are a nonUK resident and intend to remain so the benefits to you can be immense.W: www.qrops.wealthmanagementhongkong.com Page 10 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongIf you have guaranteed annuity rates set many years ago when interest rates were much higher,this would be one such situation that would need careful consideration and advice.Can I organize a QROPS myself?No. QROPS providers will only take pension transfers through their appointed intermediaries.We are appointed intermediaries; and as such we can provide you with all of the information,and the independent financial advice that is necessary for you to make an informed choice as towhether a QROPS is right for you.We can also take care of all of the paperwork; making the transfer as easy as possible for you.If you feel that you would like to find out more about QROPS and whether they are right for you.Then why not take the opportunity to talk to the market leader in QROPS advice. Simply call uson +852 5308 3732 - we look forward to talking with you soon.W: www.qrops.wealthmanagementhongkong.com Page 11 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongConclusions – a QROPS can “Seriously Increase Your Wealth”We trust that you can now see how a QROPS can “Seriously Increase Your Wealth” • QROPS provide a substantially larger TAX FREE lump sum – to spend or invest as you wish in your life time. • They remove “YOUR MONEY” from the punitive UK HMRC tax regime. • They offer the widest possible investment options. • They provide GROSS Income. • On premature death they forward ALL remaining monies TAX FREE; and importantly outside of your remaining estate; to your dependents, for example your wife and children; or your chosen charity. This means that the money is forwarded to the right people at the right time; and that the monies remain outside of your estate with regard to HMRC calculation of any liability regarding Inheritance Tax; which is currently calculated at a TAX RATE 40%. • A QROPS removes “YOUR MONEY” for UK HMRC Pension Tax currently calculated at a TAX RATE of 55%. • QROPS are exempt from the UK Lifetime Allowance (the maximum value of the underlying fund; before tax on any excess becomes liable; currently at a tax rate of 55%). • Saliently a QROPS puts you back in control of YOUR MONEY, pays a higher TAX FREE lump sum and reduces and eliminates your TAX LIABILITES from HMRC. So please take this opportunity to talk to one of our QROPS experts We are here to answer your questions, and explore together your options Why dont you Call us now on +852 5307 3732 Or send us an email to gary.williams@f-p.hk with your contact details and we will be please to telephone youW: www.qrops.wealthmanagementhongkong.com Page 12 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongNext StepsQROPS transfers are not right for everybody. You cannot transfer a state pension into a QROPS,nor can you transfer if you have already taken any of the benefits of your pension scheme.However, for the majority of people a QROPS can be significantly beneficial, especially ifconstructed with careful and expert guidance. In most circumstances a QROPS offers you theopportunity to substantially increase your wealth and income.All of the expatriates or the people leaving the UK that we and our providers have helped takecontrol of their pensions; have unique financial and individual personal circumstances. Theremay be other personal circumstances, financial assets and liabilities, together with IHT issues totake into consideration.How long before the Chancellor realizes how many billions are leaking from UK pensions PLC,and removes the substantial opportunities that a QROPS can offer YOU, who knows? Will theavailability of QROPS encourage even more affluent people to leave the UK and move abroad?Probably!We invite you to take the next step and to contact one of our approved QROPS experts by calling+852 5307 3732 or send us an email gary.williams@f-p.hk with your contact details and we willbe please to telephone you.Full information, and independent advice on the QROPS scheme and importantly the jurisdictionof the QROPS “Trustees” most appropriate to your personal individual circumstances will thenbe provided to you. For now you do not need to know the exact value of your pension but pleasetake the opportunity to find out more – by now we are sure you will agree that it’s in yourinterest to do so. So please take this opportunity to talk to one of our QROPS experts We are here to answer your questions, and explore together your options Why dont you Call us now on +852 5307 3732 Or send us an email gary.williams@f-p.hk with your contact details and we will be please to telephone youW: www.qrops.wealthmanagementhongkong.com Page 13 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongOur ServicesGary Williams and his support team provides the following servicesPrivate Wealth Management • Private Wealth Management • Specialist Expert Knowledge for UK Expats • Asset Management • Financial Planning • Portfolio Management • Offshore Financial Planning • Private Banking Services • Repatriation & Immigration Planning • Retirement Planning • Specialist QROPS Advice • Property Investment • Tax Planning • Education / University Fee Planning • Insurance Review • Estate Planning • Mortgage RestructuringSpecialist Knowledge – Wealth Preservation • Intergeneration Wealth Succession Planning • UK Expats Capital Gains Tax HMRC planning • UK Expats IHT HMRC planning • UK Expats Pension Planning • UK Expats QROPS Wealth ManagementCorporate Business Services • Keyman Insurance • Shareholder Protection • Group Pension Schemes • Group Private Medical CoverW: www.qrops.wealthmanagementhongkong.com Page 14 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongHere are our contact details – my team and I look forward to talking with you soon.Gary Williams MBA (Durham) BSc (Hons) FPC MAQ CeRER CertPFSCIB 010202 MPF 088833“With over 19 years experience as an International Independent Financial Adviser; I providespecialist advice, together with extensive international experience. Providing my clients with theexperience and expertise that they are looking for”T: +852 5307 3732E: gary.williams@f-p.hkJoin Our CommunityW: www.wealthmanagementhongkong.com www.linkedin.com/in/wealthmanagementhongkong www.youtube.com/user/WealthManagementAsiaFinancial Partners 3708 The Center 99 Queens Road Central Hong KongIf you feel that we can help you in any way, or should you know of people who we should betalking to; people who will benefit from the services that we provide. Then please do not hesitateto contact us. We would appreciate your support and the opportunity to help.Thank you for your consideration and we look forward to talking with you soon.W: www.qrops.wealthmanagementhongkong.com Page 15 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong Kong Client Testimonials“Gary is a very knowledgeable and conscientious financial adviser. I asked him to assist me withseveral issues that I was dealing with and he went above and beyond the tasks that were withinhis purview and helped me much more broadly. I would have no hesitation in recommendingGary.” July 24, 2011 Top qualities: Great Results, Expert, High Integrity - hired Gary as aFinancial Advisor in 2010, and hired Gary more than once“I was approached by Gary last year and after some discussion concerning my circumstances andgoals etc I have begun to action his advice and suggestions. He had a number of ideas whichappeared reasonable and worthwhile. I have found Gary knowledgeable, proactive, realistic,diligent and willing to listen. I would certainly recommend him.” July 14, 2011 Top qualities:Expert, High Integrity, Creative - hired Gary as a Financial Advisor in 2010“I have known Gary for over 15 years and found him extremely willing and capable with a warmand open style. Gary has a keen understanding of people’s needs and I have no hesitation inrecommending him both personally and professionally.” – June 4, 2011 Mike Thompson“Gary was a very focused, reliable, hard working colleague on our MBA at Durham. It was apleasure to work with him on various projects whilst undertaking our MBA.Lorraine Taylor” – March 11, 2011 Lorraine Taylor“I was extremely happy with the advice and service I received from Gary while he arranged mymortgage and re-mortgage for me.” Top qualities: Great Results, Expert, High Integrity hiredGary as a Mortgage Broker in 2002, and hired Gary more than once – February 5, 2011 J TylerW: www.qrops.wealthmanagementhongkong.com Page 16 of 17T: +852 5307 3732E: gary.williams@f-p.hk
    • GARY WILLIAMS – AN INTRODUCTION INTERNATIONAL INDEPENDENT FINANCIAL ADVICE Hong Kong’s Financial Partners Ltd is part of the Financial Leading International Partners Global Affiliation, a pre-eminent global Independent Wealth Management and Independent Financial Financial Adviser advisory firm with over US$800m of client assets under management. The Hong Kong office is registered with the Securities & Futures Commission, the Hong Kong Confederation of Insurance Brokers and the Gary Williams MBA (Durham) BSc (Hons) Mandatory Provident Fund Schemes Authority. FPC MAQ CeRER CertPFS Specializing in comprehensive Financial Planning and Wealth Management; to meet both individual“Create, manage, preserve and protect wealth, and institutional needs.providing for your ongoing financial security; foryou, your family, and your dependents” “Being independent plays a crucial role in enabling me to provide unbiased IndependentAs an International Independent Financial Adviser Financial Advice and recommendations to my(IIFA), I specialize in working alongside leading clients. Whereas advisers from non-independentpeople helping them create, manage, preserve and institutions are the agents of their company; Iprotect their wealth so they can provide for their am able to represent my client’s interests andongoing financial security for themselves, their not those of any other third parties” – Garyfamily, and their dependents. Ultimately this leads Williamsto financial independence. AREAS OF EXPERTISE“I am sure most people would agree with me,that we all go to work essentially for money; I work very closely with international institutionsthis is because money provides for our financial providing security to clients through custodianshipsecurity, for ourselves, our family and our of their assets. Areas of business expertisedependents. However we all need to manage encompasses the following:and preserve our money, so that we can providefor our ongoing financial security under ALL • Comprehensive Financial Planning.reasonable circumstances for ourselves, our • Wealth Management.family and our dependents; Why, because this iswhat is really important in your life – My work helps my clients to create, manage,FINANCIAL SECURITY” - Gary Williams preserve and protect their wealth so as to provide for their ongoing financial security for themselves,I have over 19 years experience as an International and their families. I undertake this firstly byIndependent Financial Adviser (IIFA). Educated at working closely with them to establish theirDurham University Business School, as well as financial priorities; and then developing ouracquiring the regulatory examinations, both here in relationship over time to help them achieve theirHong Kong and the UK. “I provide specialist financial objectives…I typically get together withadvice, together with extensive international my clients every 6 months - Gary Williamsexperince. Providing my clients with theexperience and expertise that they are looking PROFESSIONALISM AND ETHICSfor” - Gary Williams Setting benchmarks in the field of FinancialI work closely with my clients over time; so that Planning and Wealth Management. I take greattogether we can achieve their financial objectives. pride in the quality of advice and the high level of“It’s important to get a clear understanding of service that I provide to my clients. Great emphasismy clients objectives, and to work closely with is placed on professional ethics and a strict code ofthem over time, to ensure that together we conduct is adhered to. I pledge the following:move towards their priorities andobjectives” – Gary Williams FINANCIAL PARTNERS LTD 3708 The Center 99 Queen’s Road Central Hong Kong T: +852 5307 3732 W: www.wealthmanagementhongkong.com E: gary.williams@f-p.hk
    • • Continuous Client Care with no limits on time. I • Mortgage Restructuring give you as much time as you need, as frequently as you require. Specialist Knowledge – Wealth Preservation• Honesty and fairness in conducting our business.• Disclosure of all material information at all times. • Intergeneration Wealth Succession• Access to your portfolios from anywhere in the Planning world 24/7, 365 days per year. • UK Expats Capital Gains Tax HMRC WHEN YOU RECEIVE ADVICE planning • UK Expats IHT HMRC planning“Before giving advice, we work together to • UK Expats Pension Planningestablish your financial situation, your financial • UK Expats QROPS Wealth Managementobjectives and requirements; this is before wediscuss any recommendations. In addition, all Corporate Business Servicesadvice and recommendations will be providedin writing, together with any significant risksassociated with investments and financial • Keyman Insurancestrategies” – Gary Williams • Shareholder Protection • Group Pension SchemesFREE Initial Meeting: Gary offers a no cost, and • Group Private Medical Coverno obligation, initial meeting in order to explore • MPF Advice and Implementationhis areas of expertise. Importantly this also allowsyou to ascertain whether he can provide the level With many advisers calling themselves Financialof experience and service which meets your Advisers or Wealth Managers in Hong Kong, it isrequirements. This is provided entirely without useful to take a look at their academicobligation. “Please feel free to email or contact qualifications and how long they have beenGary to arrange a FREE NO OBLIGATION advising; their experience.INITIAL MEETING” on +852 5307 3732 Additional information and back ground aboutIn summary, here is a brief outline of the services myself, together with the services that I and mythat I provide together with my support team. support team provide for our private clients can be found here on our web links:Gary Williams and his support team providesthe following services Join Our Community W: www.wealthmanagementhongkong.comPrivate Wealth Management • Private Wealth Management www.linkedin.com/in/wealthmanagementhongko • Specialist Expert Knowledge for UK ng Expats • Asset Management • Financial Planning • Portfolio Management www.youtube.com/user/WealthManagementAsia • Offshore Financial Planning • Private Banking Services Why don’t you get in touch? for a FREE no cost • Repatriation & Immigration Planning initial meeting so you can judge for yourself; and • Retirement Planning experience the difference. For further • Specialist QROPS Advice: information please telephone +852 5307 3732 www.qrops.wealthmanagementhongkong. com Gary Williams MBA (Durham) BSc (Hons) FPC MAQ CeRER CertPFS • Property Investment • Tax Planning “With over 19 years experience as an International Independent Financial Adviser; I provide specialist • Education / University Fee Planning advice, together with extensive international experience. • Insurance Review Providing my clients with the experience and expertise • Estate Planning that they are looking for” FINANCIAL PARTNERS LTD 3708 The Center 99 Queen’s Road Central Hong Kong T: +852 5307 3732 W: www.wealthmanagementhongkong.com E: gary.williams@f-p.hk
    • QROPSEXPERT GUIDEWealth Management Hong KongClient NotesW: www.qrops.wealthmanagementhongkong.comT: +852 5307 3732E: gary.williams@f-p.hk