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A SIPP (or Self Invested Personal Pension) is a type of UK registered personal pension that, as opposed to a conventional personal pension, can offer greater flexibility and individual control. Read More
A QROPS (or Qualifying Recognised Overseas Pension Scheme) is a pension scheme set up outside of the UK and regulated as a pension scheme in the country where it is established. A QROPS must notify HM Revenue and Customs (HMRC) that it meets specific conditions set by UK legislation to receive UK pension transfers. Read More
Yes, most UK pension plans are able to be transferred to a SIPP. There can be a number of benefits to transferring your existing UK pension to a SIPP. Read More
Consideration needs to be given to the person’s country of residence, which can have tax implications in relation to how the transfer is treated by the local tax authorities and whether a double taxation agreement is in place between the QROPS jurisdiction and the person’s country of residence. Read More