Isle of Man QROPS – Key Information
If a member has commenced income drawdown prior to death, this will result in a 7.5% death tax charge being applied prior to any benefits being paid out to dependents.
* Isle of Man tax will not apply where the pension taxing rights are granted to the member’s country of residence under the terms of a double taxation agreement.
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.
