Sovereign Group – Purchase A Company, Offshore Company Registration, Incorporation & Formation Services

Purchase a Company _ Introduction

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Introduction

The pension plans we manage are established so that the underlying investments are not subject to tax; with careful planning the pension fund can be continued until retirement on a tax free basis. The other principal benefit in transferring a UK Pension to QROPS is that the UK requirements in later life, such as the requirement to purchase an annuity, are avoided. The pension fund can therefore be used by the member during their lifetime; any unused assets within the scheme at the time of the death can then be passed on to the member’s estate or named beneficiaries. Further advantages include:

No UK inheritance tax is levied on the underlying investments in the pension plan. With careful planning such taxes may also be avoided in the member’s country of residence and forced heirship issues may be eliminated.
There is no limit on the amount that can be contributed into a QNUPS. This is attractive to high rate tax payers whose pension contributions are capped in the UK.
There is no age limit for a member who wishes to set up a QNUPS; some benefits must be taken if the member is 75-years old or above but, if planned carefully, this is itself an opportunity for potential tax savings.
You may benefit from a QNUPS even if you are UK resident and/or domiciled.
We do not give any pension transfer advice and you will need to contact your IFA for this advice, if you do not have one we can give you a list of IFAs.

Atlantica Pensions

http://www.atlanticapensions.com

Taurus Pensions

http://www.tauruspensions.com