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Duration: 53 seconds
Country: India
Language: English
Views: 29
Posted by: taton on Oct 30, 2012

British expats and Indians returning to India after working in the UK can now move their pension offshore so that they can get a higher pension and avoid taxes in the UK. If you have a 200,000 GBP pension in the UK, you can get 25% or 50,000 GBP as a lump sum and the rest must pay you a pension which could be 10,000 GBP per year if you didn't take the lump sum. Under a QROPS, you can take 30% or 60,000 GBP as a lump sum or you could take 12,000 GBP per year in the above example. Please contact the specialists below for a detailed comparison between a UK pension and a QROPS.

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