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QROPS Pensions Spain
speak to the experts

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 take control of your retirement finances.

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Investment Choice

Your retirement pension portfolio is made up bespoke to your individual needs in a QROPS - with greater investment choice.

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Flexible Access QROPS

Over 55s resident in Spain can take retirement benefits how and when they want. Just like with the new UK pension freedoms.

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Don't lose 45% to UK tax man

The UK tax man can take 45% from your UK pension when you die. With a QROPS 100% goes to your beneficiaries.

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Sucession planning

You may live in Spain but are likely still UK domiciled. QROPS and QNUPS do not form part of your estate for UK inheritance tax.

What is a QROPS?

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.

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