After years of careful planning for an income in retirement many Britons seek to enjoy their retirement with a life overseas and justifiably reap the rewards of years of hard work. Whether they plan to retire immediately or in the coming years an income in retirement remains a high priority. However, many find that their pension falls short of their expectations.

With UK pensions offering the investor little control over their investment, unpredictable annuity rates, and complicated pension tax rules, UK pensions sometimes do not reach the expectations of the investor, an issue weighing heavily on the minds of expatriates with retirement in mind.

Since 2006 a refreshing alternative has been available to expatriates in the form of ‘QROPS’ (Qualified Recognised Overseas Pension Scheme).

‘QROPS’ offer a flexible tax efficient vehicle for their pension benefits. Expatriates can transfer their UK Pension benefits into a ‘QROPS’ benefiting from many advantages and gaining a new pension arrangement that is more responsive to their needs.

‘QROPS’ can be an ideal retirement planning vehicle for many expatriates, it will suit many, but not all. This is why it is essential you receive professional Independent Financial Advice from a ‘QROPS’ expert.