What To Consider When Choosing A QROPS Pension Scheme
These are some things that you should do to ensure that you receive the most out of your pension scheme and the good thing is that you can tailor it to meet your specific needs and you should take this route before selecting because this will generally determine your quality of life when you are at your most vulnerable.
There are four very important things that you should consider in your quest for the most beneficial pension scheme for a UK pension transfer because if you get all of these factors right then you will be on your way to living rather comfortably. So keep these four in mind and choose wisely. These include the provider/scheme, the country of residence, jurisdictions and investment options.
Ensure that you have the best provider and scheme before you choose a plan.
COUNTRY OF RESIDENCE
Since you cannot reside in Britain since this is specifically designed for expats, you should choose the country that works the best for you. Spain, France, Australia, USA and Portugal are among the most popular retirement destinations and be sure to secure a Double Taxation Treaty and look at the regulations governing tax as well as the benefits.
Ensure that the laws in your country of residence work in your favour before taking the plunge.
Some countries have excellent investment opportunities while others offer none and simply hold it. So be very careful in your approach.