The Qualifying Recognised Overseas Pension Scheme by Spencer Lodge.

Spencer Lodge fund-advisers.com Dubai. Spencer Lodge is a self confessed workaholic who has been working at the very top of the Financial Services Industry around the World for over 18 years. Since leaving the deVere Group, he is now Managing Director at Dubai based Fund Advisers, one of the leading independent financial services company in the United Arab Emirates.

We caught up with him to ask about QROPS, the Qualifying Recognised Overseas Pension Scheme

The Qualifying Recognised Overseas Pension Scheme or QROPS schemes allow you to transfer your UK accrued pensions to another jurisdiction if you decide to retire/reside abroad. Any individual can qualify for a QROPS if they are between the ages of 18 and the maximum age of 70/75 and have retired/reside, or are seriously considering retiring abroad to another country in the next 12 months. You must also have accrued a pension of over £50,000.

If you are planning to move abroad for example the UAE, a QROPS scheme can offer you greater

benefits than by leaving your pension in the UK, especially after 5 years of non UK residency.

• The pension income is more tax efficient.

• You can take a lump sum of up to 30%.

• There is much greater investment freedom.

• You can take income and benefits in the currency of your choice.

• All unused pension funds can be left to your beneficiaries.

• No need to take an annuity or pay a UK tax charge upon death.

Further information can be found on our website www.fund-advisers.com

How To Find What's Best For You

Although researching and investing in pension schemes yourself may seem like the best idea, sometimes it is just not practical especially if you are new to investing. You must also consider whether you will have the time, patience and expertise to make important decisions about your future. Retirement planning is essential, as is gaining valuable advice that will set you up for your retirement years. Help yourself by finding the right pension solutions for your circumstances.

At the Fund Advisers Group we take positive steps to help you gain the most from your retirement planning with a group of professional retirement planners based globally.

About Fund Advisers

Fund Advisers is a large independent financial consultancy group with global operations. We work with international investors and expatriates to find financial services products that best suit their medium to long-term requirements for investments, savings and pensions.

With in excess of US $2 billion of funds under administration and management, Fund Advisers has more than six thousand clients in twenty countries. Our independence and ability to offer financial products that are tailor-made to fit an individual’s needs are behind our success, and our work ethic is without equal in the industry.