1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

UK Budget March 2014 and QROPS

If you are in a Final Salary scheme you need to act now! Or you may be sorry, as time is running out!

PRLog - Mar. 21, 2014 - ZURICH, Switzerland -- Given this budget is in the run up to the next election in 2015. As normal it is a sweetener, and lots of smoke and mirrors.

After the smoke has cleared however, if you are in a Final Salary, also known as a Defined Benefit pension scheme. Take note the option to transfer to a QROPS  is to be removed.

Combine this with the Government’s announcement that it intends to abolish tax allowances for non UK residents. So pension benefits you take in the UK would be taxed up to the full rate of 45%, on the whole amount. The future looks bleak if you are in a Final Salary scheme but no longer live in the UK.

The pension reforms that were announced are likely to encourage a lot more people to look at QROPS  as a very attractive alternative to leaving their pensions in the UK.

Moving your UK pension arrangements to a QROPS if suitable given your own particular circumstances, can only improve your position.

Most importantly, once moved to a QROPS you have control over your money. If left in your UK pension arrangement it is highly likely that additional constraints will be put in place which will adversely affect you.

If you have a UK pension and have left the UK, or are considering a QROPS transfer, contact Waterstone Investment Associates.


For further details contact:   mailto:information@qropsusa.net

or visit their website:   http://www.waterstone-investment-associates.com

Contact
Waterstone Investment Associates
***@qropsusa.net

--- End ---

Click to Share

Contact Email:
***@qropsusa.net
Source:Waterstone Investment Associates
City/Town:Zurich - Zurich - Switzerland
Industry:Banking, Finance, Investment
Tags:qrops, budget, final salary, low cost qrops, low fee qrops, QROPS USA, pension transfer, uk pension
Last Updated:Mar 24, 2014
Shortcut:prlog.org/12298724
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share