QROPS Overseas Pensions
International Pension Planning Division
Geneva London Paris Brussels Monaco Nassau
QROPS-Overseas Pension Scheme Transfers
What are the Benefits of an Overseas Pension Scheme Transfer?
Increase your monthl...
QROPS
Qualifying Recognised Overseas Pension Scheme
Introduced on “A” day (April 2006)
HMRC Approved Overseas Pension Sche...
Principal Benefits of QROPS*
Tax Free Cash Lump Sum – 25% on retirement, 30% if resident outside the UK for over
5 years
N...
Benefits: You do not have to buy an annuity at retirement. Instead you can keep your pension funds
invested and drawdown f...
Why Pryce Warner International Group?
Over 40 Years Experience In Dealing with the Needs of Expats Throughout the World
Ea...
Investment Options
Our Clients have a wide range of investment options available to them and in
order to ensure these are ...
Our Fund Performances as at 31st December 2013
Global Financial Expertise Wherever You Are www.prycewarner.com
Performance...
Pryce Warner lnternational Growth Portfolio
This Portfolio is a Multi-Currency Globally Diversified Equity Portfolio provi...
Pryce Warner International Group QROPS Reporting
Requirements to HMRC
If the member has been a UK resident at any time in ...
Application Process
Complete a Pryce Warner International Group QROPS application form
Pryce Warner International Group wi...
QROPS Transfer Process
Your Pension Plan receives instructions from PWI QROPS Trustees for Transfer
Same as transfer betwe...
QROPS Transfer Fees
Initial Set up Fee £750*
Initial Fees are a one off and include obtaining due diligence in accordance ...
In summary…
We are an INDEPENDENT Consultancy Group with over 40 YEARS experience
We have a PROVEN TRACK RECORD
We work wi...
QROPS Overseas Pensions
International Pension Planning Division
Geneva London Paris Brussels Monaco Nassau
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QROPS

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QROPS

  1. 1. QROPS Overseas Pensions International Pension Planning Division Geneva London Paris Brussels Monaco Nassau
  2. 2. QROPS-Overseas Pension Scheme Transfers What are the Benefits of an Overseas Pension Scheme Transfer? Increase your monthly Income and your Asset Value using your QROPS Pension Plan Enjoy Greater Global Diversification and the Risks against Currency Fluctuations Minimise UK Inheritance Tax (IHT) Fully portable form Country to Country Greater flexibility in terms of how & when you draw down your benefits Higher Growth Rates & Reduced Administration Costs vis a vis UK Plans You can withdraw a 25% lump sum, 30% if resident outside the UK for over 5 years Global Financial Expertise Wherever You Are www.prycewarner.com
  3. 3. QROPS Qualifying Recognised Overseas Pension Scheme Introduced on “A” day (April 2006) HMRC Approved Overseas Pension Scheme UK Pension Plan Holders can transfer plans to a QROPS Available to Expats and Non-Domiciled Individuals Around the World Increase Pension Income Reduce Tax Burden Ensure that your pension plan assets pass to your beneficiaries Global Financial Expertise Wherever You Are www.prycewarner.com
  4. 4. Principal Benefits of QROPS* Tax Free Cash Lump Sum – 25% on retirement, 30% if resident outside the UK for over 5 years No requirement to buy an annuity Income drawdown based on UK GAD rules 0% Tax on death pre-retirement Significant Estate planning opportunities *We advise that a minimum investment of £100 000 is required to obtain these benefits Global Financial Expertise Wherever You Are www.prycewarner.com
  5. 5. Benefits: You do not have to buy an annuity at retirement. Instead you can keep your pension funds invested and drawdown from them to provide a pension. Unlike an annuity, your remaining fund stays intact. You can defer draw down benefits to a time that suits the pension plan holder Investments: Investment opportunities in a wide range of asset classes including International Property Funds. Estate Planning: Our QROPS can be used to transfer benefits tax-efficiently to your beneficiaries. Fees: Transparent and cost efficient fee structure Regulation: Our Malta QROPS is fully approved and regulated by Jurisdictional Pension regulators Gibraltar: We also provide a Gibraltar based QROPS which has distinct benefits for certain plan holders Additional Benefits Global Financial Expertise Wherever You Are www.prycewarner.com
  6. 6. Why Pryce Warner International Group? Over 40 Years Experience In Dealing with the Needs of Expats Throughout the World Each Client has a Personal Account Representative Greater Control over Their Investment Management Greater Breadth of Investment Opportunities Increased Estate Planning Opportunities QROPS provided In Malta & Gibraltar: The HMRC approved jurisdictions with the highest levels of regulation and security Transparent Costs Clear & Concise Investment Reporting 24/7 Web Access to Accounts Global Financial Expertise Wherever You Are www.prycewarner.com
  7. 7. Investment Options Our Clients have a wide range of investment options available to them and in order to ensure these are fully taken advantage of, we offer a Professional Review & Advice service. Particular attention will be paid to your withdrawal requirements & the currencies required. All our portfolios are Multi-Currency and Globally Diversified. Freedom to manage the assets within the plan in accordance with ever- changing financial situations. Direct access to your own pension plan advisor Global Financial Expertise Wherever You Are www.prycewarner.com
  8. 8. Our Fund Performances as at 31st December 2013 Global Financial Expertise Wherever You Are www.prycewarner.com Performances are Shown in %Annual Compound Rates of Growth See next slide for relevant fund details
  9. 9. Pryce Warner lnternational Growth Portfolio This Portfolio is a Multi-Currency Globally Diversified Equity Portfolio providing comprehensive access to markets around the world & provides a suitable structure for investors requiring regular income provision. Pryce Warner lnternational Growth & lncome Portfolio This Portfolio is a Multi-Currenry Globally Diversified Equity Portfolio providing comprehensive access to markets around the world whilst at the same time providing added focus for the regular income needs of investors. Pryce Warner lnternational Bond & lncome Portfolio This Portfolio is a Multi-Currency Globally Diversified Portfolio providing comprehensive access to Bond & lncome Producing lnvestments around the world whilst at the same time providing for the regular income needs of investors. Pryce Warner lnternational Property & lncome Portfolio This Portfolio is a Multi-Currency Globally Diversified Property Portfolio providing comprehensive access to property markets around the world. The portfolio allows complete liquidity whilst at the same time accessing & investing in the global property markets in a diversified & balanced manner. Global Financial Expertise Wherever You Are www.prycewarner.com
  10. 10. Pryce Warner International Group QROPS Reporting Requirements to HMRC If the member has been a UK resident at any time in the past 5 years full reporting must be maintained by the pension trustee There are no reporting requirements by the Pryce Warner International Group QROPS Trustees once the member has been outside of the HMRC tax regime for 10 years Global Financial Expertise Wherever You Are www.prycewarner.com
  11. 11. Application Process Complete a Pryce Warner International Group QROPS application form Pryce Warner International Group will review your existing Pension Plans/SIPPs PWI Produces a Written Proposal stating all charges Proposal is Discussed with the Applicant Applicant receives all Transfer Documentation for Completion and Submission to PWI including Copy of Passport & Proof of Address Pension Plans & SIPPs are Transferred into the QROPS Plan Clients can then view their Accounts online 24/7 Global Financial Expertise Wherever You Are www.prycewarner.com
  12. 12. QROPS Transfer Process Your Pension Plan receives instructions from PWI QROPS Trustees for Transfer Same as transfer between UK schemes Benefits transferred in cash or in-species UK Plan/s advises HMRC of an overseas transfer Pension Plan trustees implement reporting requirements to HMRC Personal pensions, occupational pension schemes, schemes in drawdown and final salary schemes are accepted Global Financial Expertise Wherever You Are www.prycewarner.com
  13. 13. QROPS Transfer Fees Initial Set up Fee £750* Initial Fees are a one off and include obtaining due diligence in accordance with our regulatory requirements, preparation and completion of all necessary documentation for the trustees and previous administrator, monitoring the application process and liaising with your advisor. Annual Trustee Administration Fee £750* The Trustee administration is charged annually in arrears on 30th September for the provision of services which includes the management of the fund, annual accounts and the trustee responsibility fee. These fees do not apply to specialised investment assets or where they are held with an offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce Warner International Group Limited fee schedule as in force at the time. Any additional professional work requested by the Member will be quoted for in advance. These fees will be calculated by reference to the time, complexity, urgency and responsibility of the work required. Termination of QROPS or Transfer Fee £2000* Upon transfer of the QROPS to another administrator a termination fee will be applied to attend to all matters with regard to the transfer as required. *These are our current fees and reflect provider rates, though these may be subject to change Global Financial Expertise Wherever You Are www.prycewarner.com
  14. 14. In summary… We are an INDEPENDENT Consultancy Group with over 40 YEARS experience We have a PROVEN TRACK RECORD We work with the WORLD’S BEST INVESTMENT MANAGERS We provide a PERSONAL SERVICE for our clients 24/7 Online Access to Accounts We are Happy to Provide Existing Client Testimonials to New Clients ARE YOU ON THE RIGHT TRACK FOR YOUR FINANCIAL FREEDOM & INDEPENDENCE? Global Financial Expertise Wherever You Are www.prycewarner.com
  15. 15. QROPS Overseas Pensions International Pension Planning Division Geneva London Paris Brussels Monaco Nassau

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