Take control of your UK Pensions today

You may have one or more personal or occupational pensions in the UK. There are ways to make the most of them, from better growth to tax efficiency and flexibility. Read more here or click below to book a free consultation without obligation.

Find out more now

20

Years of Experience

1024

Trusted Clients

“Absolutely stellar service! The team at Pensions Help went above and beyond to ensure my financial needs were met with precision and care. I couldn’t be happier with the results. Highly recommend!”

William Smith

International SIPP Benefits

Advantages of Transferring to an International SIPP

Discover the benefits of transferring to an International SIPP tailored for non-UK residents. Consolidate investments, gain control, and ensure tax-efficient estate planning with our international focus and expertise.

Consolidation

Combine multiple investments into one pension plan for simplicity.

Control

Select from diverse investments for potentially better returns.

Estate Planning

Beneficiaries receive your SIPP tax-free if you pass away before 75; after 75, they're taxed at their rate.

International Focus

Most UK pensions can't deal with, or don't understand non-UK residents and their needs. An International SIPP will be able to offer the flexibility and tax knowledge required for non-UK residents to get the most out of their UK pension.

Advantages of Transferring to an International SIPP

Why Not Transfer Your Pension Out Of The UK entirely (QROPS)?

The tightening of rules around Qualifying Recognised Overseas Pension Schemes (QROPS) has made them less favorable for many non-UK residents. Here’s why:

Access Restrictions

QROPS benefits are fully available only if you've been a non-UK resident for over five tax years. Accessing your pension within this period can lead to significant tax issues.

Brexit Impact

While Brexit hasn't changed the fundamental rules of UK pensions, it has introduced uncertainties, especially regarding the tax implications and recognition of QROPS across borders.

Tax Treaties & Regulations

With few exceptions, a UK pension must be moved to the same country in which you live - this may be impossible since that country's local pension rules may be incompatible and even when it is possible it may not offer any advantages.

Increased Reporting

QROPS providers must report to HMRC for ten years after the transfer, increasing the administrative burden and potential for tax charges on unauthorised withdrawals. This makes QROPS usually much more expensive than a UK SIPP.

Overseas Transfer Charge

Transfers to QROPS may incur a 25% tax charge unless certain conditions are met, such as both the individual and the QROPS being in the European Economic Area (EEA) or if the QROPS is provided by the individual’s employer.

Contact Us

Contact Our Agent To Get A Quote

Experience personalized financial solutions tailored to your unique needs. Our expert team is ready to provide you with a customized quote designed to help you achieve your financial goals.