Offshore private pension transfers: growing clarity for QROPS | Bangkok Post: news

News >

Offshore private pension transfers: growing clarity for QROPS

- +

If you have ever worked in the UK, no matter what your nationality, you probably were enrolled in a private pension scheme to which your employer and maybe you made contributions. The UK government continues to tweak legislative changes affecting the expat's ability to move this pension offshore. On the surface, these changes appear to limit transfer options, but in reality they have strengthened the legal framework, offering expats continuing advantages. 


When you leave the UK your private pension fund remains valid and is frozen, or deferred, until you reach retirement age, when it will be paid to you. The income paid is taxable in the UK no matter where you are based in the world. Once you die, the pension may continue in the form of a spouse's pension if you are married; otherwise it will cease. When your spouse dies, all benefit payments end.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments