Pension planning:
Leaving the UK
Pension planning is a concern for many HNWs leaving the UK - in this case study we look at the key things to consider
Key Learning Points
We were delighted to be joined by Peter Sayers of Strabens Hall to talk us through Qualifying Recognised Overseas Pensions (QROPs) in a case study looking at a UK dimciled individual holding a pension plan in the UK and a siginficant share holding in Switzerland that is about to list on the Swiss stock exchange. During the discussion, we will cover:
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The mechanics of the UK lifetime allowance tax charge
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What are QROPs
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What QROPs planning is available in this case study and how this has been impacted by changes to legislation requiring the QROP and the pension holder to be in the same country
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Advantages of transferring to QROPs