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Understanding what pension benefits your loved ones would be entitled to in the event of your death is, therefore, very important. Such benefits can differ considerably depending upon your pension scheme. Read More
As part of the UK’s new pension flexibilities, from 6 April 2015, the UK’s 55% death tax that used to apply in certain circumstances has been abolished. Read More
While the new UK pension flexibilities are enabling people to manage their pensions much more freely, for those with public sector defined benefit schemes, the UK government has banned any transfer to other types of pensions (like personal pensions) to take advantage of the increased flexibility. Read More
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