For best experience, please enable javascript UK Pension Transfer FAQ's | Florin Pensions

UK Pension Transfer FAQ's

Follow our UK Pension Transfer FAQ page for answers to your UK Pension Transfer questions. All our articles are tailored to UK expats living in the USA. You can also follow us on LinkedIn for news and updates.

What is a SIPP?

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

What is a QROPS?

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

Can I transfer any type of UK pension to a SIPP and what are the benefits?

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

As an expatriate, isn’t a QROPS always the best option for a UK pension transfer?

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

How long does a pension transfer take?

UK pension plan administrators vary widely in the speed of their response to pension transfer enquiries and the transfer of funds. Read More