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Are QROPS Still Suitable in 2024?

As we move into 2024, the financial landscape continues to evolve.  For expatriates or individuals with UK pension funds living abroad, the question of how to best manage these retirement savings remains a pressing one.  Qualifying Recognised Overseas Pension Schemes (QROPS) have been a popular choice since their inception in 2006, but are they still a viable option in today’s financial climate?  In this post, we will delve into the current state of QROPS and assess whether…

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Evaluating Expat Pension Options – Should I Keep My QROPS?

As an expat, navigating pension options can be complex, particularly when it comes to understanding Qualifying Recognised Overseas Pension Schemes (QROPS). If you already have a QROPS, it is crucial to stay informed about the latest developments and alternatives. What Is A QROPS? A QROPS is an overseas pension scheme where UK pension plans can be transferred.  They have been a common option for expats in recent years but in many cases using a QROPS has…

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Should I accept a Pension Increase Exchange? The pros and cons of PIE offers

With many of the UK’s biggest private-sector employers struggling with pension deficits, growing numbers have approached their workforces with pension increase exchange offers. These proposals, also known as PIE offers, are deals to buy out some of the inflation proofing on your future pensions, in exchange for a bigger starting, but flat, income.

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Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful.

 

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