Isle of Man QROPS
A Qualifying Recognised Overseas Pension Scheme (QROPS) is a useful retirement option for those living, or planning to live, overseas. A QROPS allows you to move your UK pension into a permitted overseas scheme, allowing for greater investment freedom and an opportunity to minimise your tax liability, depending on circumstances.
A QROPS can help to bypass some of the restrictions associated with living overseas and maintaining a UK pension. Typically, the most useful benefit when switching to an international pension plan is increased tax benefits, because you only pay the tax, if any, applicable in your chosen country of residence.
Isle of Man QROPS – Key Information
Isle of Man QROPS – The Aegean Personal Pension Plan
For pensions valued above £100,000. The Aegean Personal Pension Plan has been approved as a Retirement Benefit Scheme by the Isle of Man Insurance & Pensions Authority and Assessor of Income Tax, and meets the requirements set out by HMRC to operate as a Qualifying Recognised Overseas Pension Scheme (QROPS).
Isle of Man QROPS Lite – The Aegean Lite Personal Pension Plan
For pensions valued below £100,000. The Aegean Lite Personal Pension Plan has been approved as a Retirement Benefit Scheme by the Isle of Man Insurance & Pensions Authority and Assessor of Income Tax, and meets the requirements set out by HMRC to operate as a Qualifying Recognised Overseas Pension Scheme (QROPS).
Explore Qualifying Recognised Overseas Pension Schemes (QROPS)
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.
