ROPS
Registered overseas pension scheme (ROPS) were established in April 2015 replacing Qualifying Overseas Pension Schemes (QROPS) when HMRC introduced new tests for pension schemes. The test bars any pension from paying out benefits to any retirement saver aged under 55 years old except in exceptional circumstances, such as terminal illness. This test was introduced as part of the government’s flexible access pension rules that lets anyone aged 55 years old or over draw down their pension to spend as they wish. This option is not only available in the UK, but to pension providers in the European Economic Area (EEA). Outside of the EEA, ROPS providers have to ring fence 70% of any cash transfer in from a UK fund to pay a pension in retirement. Read More ...
QNUPS
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QNUPS (Qualifying Non-UK Pension Schemes) are a way of creating additional Pension benefits by contributing personal assets to an overseas pension scheme to create a fund to provide the required standard of living in retirement.
SIPP
SIPP Adviser Zone was created to provide advice on UK pensions and pension transfers to financial advisors who may not have the knowledge to advise clients themselves as well as individuals who do not have access to a financial adviser.
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SIPP Adviser Zone have access to some of the most experienced advisors on UK pensions and who have been involved in SIPP since they were introduced.