Elite Investment Group Launches QROP's Pension Program

April 21, 2010 - PRLog -- Elite Investment Group Shanghai Limited announced the launch of its UK Pension Transfer Program today allowing UK pension holders who have left the UK or intend on leaving the UK to transfer their pension schemes overseas into a much more tax efficient structure.

Since new regulations came into place in 2006, UK expatriates or foreign nationals who have accumulated pensions in the UK have been able to transfer their pension, whether personal or occupational to an overseas scheme so long as they appear on the HMRC list of QROPS (Qualifying Recognized Overseas Pension Scheme).

Elite Investment Group have partnered with Close Brothers Group PLC who will help to facilitate the pension transfer.  The plan is offered by the Close specialist offshore pension division within Close Trustees Guernsey Limited.

"QROPS pension transfers have rapidly increased over the last couple of years as more expats have decided to retire away from their home country.  Due to the tax planning opportunities and unrestricted access to further diversify their portfolio, UK pension holders have realized that the need for these benefits may be what keeps them on track for retirement". - Matthew Clark, Elite Investment Group COO

QROPS is available only to UK pension holders who have left the UK or intend on leaving the UK within the next 12 months and even further benefits apply for pension holders who do not intend on returning for at least 5 years.  Other benefits include pension income paid without the deduction of income tax, no capital gains tax or income tax charged on the assets within the plan, estate, domiciliary & succession planning opportunities, diverse investment choice including choice of base currency - £, € or US$, and more.

Elite Investment Group specialists have been trained to handle QROP pension transfers as the administrative process can be quite complex.  As the program is not for everyone, it is highly recommended that investors seek professional advice before making a decision as to whether or not they may benefit from the transfer of their UK pension scheme.

Interested candidates can visit http://www.elite-ig.com/services/qrops.php to learn more about the requirements and benefits of transferring your UK pension overseas.

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Elite Investment Group is an investment management firm specializing in the creation and management of versatile finance and property investment portfolios. The group offers asset management, investment property, life insurance and mortgage services.