Expat SIPP vs QROPS<\/h2>\n\n\n\n

When moving abroad, UK pensioners need to decide whether to remain with their UK pension plan or move their pension abroad to an offshore pension plan.<\/p>\n\n\n\n

Many expats want to change the currency of their pension plan, so that currency fluctuations don’t affect their annual income from their pension plan. <\/p>\n\n\n\n

A Qualifying Recognised Overseas Pension Scheme (QROPS) is suitable for people moving to Europe, Australia and New Zealand. There is no “exit tax” in these territories.<\/p>\n\n\n\n

Outside these territories, there may be a 25% “exit tax”. In such scenarios, it may be better to transfer your pension to an expat SIPP, which can be easily managed from abroad.<\/p>\n\n\n\n

Expats can set up an expat SIPP. That is a Self Invested Personal Pension that can be managed from outside the UK. Typically these SIPPs are set up in the Isle of Man or Mauritius.<\/p>\n\n\n\n

An expat SIPP is available for any destination<\/span><\/em> you live abroad. An expat SIPP can be set up for Asia, Latin America, the Caribbean and Africa, for example.<\/p>\n\n\n\n

Benefits of an Expat SIPP for Residents in Asia<\/h2>\n\n\n\n

• There is no 25% exit tax for an expat SIPP<\/li>
• Manage all your pensions in one place<\/li>
• Transfer your UK pensions (such as a UK SIPP, defined contribution or money purchase UK personal pension to an expat SIPP)<\/li>
• Transfer your UK pension to another currency, such as the USD or EUR or stay in GBP<\/li>
• The USD is a more stable currency vs. Asian currencies<\/li>
• Set up a USD Expat SIPP and invest in equities, ETFs or funds listed on the New York Stock Exchange<\/li>
• Invest in alternative investments<\/li>
• Wide range of fund choice or ETFs available including gold ETFs<\/li>
• Ability to move countries and still manage your SIPP: move freely worldwide<\/li>
• An Expat SIPP is professionally managed and regulated<\/li><\/ul>\n\n\n\n

  Please contact an expert who can help set you up with an expat SIPP<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

  Expat SIPP vs QROPS When moving abroad, UK pensioners need to decide whether to remain with their UK pension plan or move their pension abroad to an offshore pension plan. Many expats want to change the currency of their pension plan, so that currency fluctuations don’t affect their annual income from their pension plan. A… Continue reading QROPS Vs Expat SIPP<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/posts\/516"}],"collection":[{"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/comments?post=516"}],"version-history":[{"count":1,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/posts\/516\/revisions"}],"predecessor-version":[{"id":517,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/posts\/516\/revisions\/517"}],"wp:attachment":[{"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/media?parent=516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/categories?post=516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/britishexpatriates.com\/index.php\/wp-json\/wp\/v2\/tags?post=516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}