At Blacktower we are committed to arranging the very best pension solutions for our clients. If you have a UK pension and are planning a move to Spain or you have been here for years, you could benefit from a transfer to an international scheme and reap the rewards of your pension freedom.
Your retirement pension portfolio is made up bespoke to your individual needs in a QROPS - with greater investment choice.
QROPS are international pension schemes designed to receive transfers from UK pensions. It stands for Qualifying Recognised Overseas Pension Scheme. They emerged in April 2006 as a result of a UK government overhaul of the pension system. 'Qualifying' as they adhere to rules set down by HMRC in the UK and thus being 'recognised' by them. This is important as it allows a UK pension to be transferred to another European Economic Area (EEA) jurisdiction (country) without incurring any penalties and potentially freeing it from UK tax obligations.