News & Insights

QROPS works for expats in France

Given all the talk and acceptance of QROPS transfers, expats in France could be forgiven for forgetting that there was ever a time when they were short of options.

But it’s worth remembering that before QROPS transfers became available, expats in France and elsewhere in Europe had very few choices available to them when it came to deciding what to do with their UK-based pensions. For many it was a horrible and disempowering situation that, in some cases, resulted in poor decisions and traumatic financial losses.

Fortunately, the introduction of new laws has addressed this fraught area of the law, and the willingness of the government to incorporate QROPS transfer pensions within the remit of HM Revenue and Customs (HMRC) has produced a win-win situation for all interested parties, particularly those who benefit from the tax-efficiency of QROPS. QROPS has changed everything.

But the benefits are not only about tax efficiency. QROPS can be based in jurisdictions which allow far greater flexibility than similar pension plans in the UK. For example, savers can retain real control of their pension assets, including the ability to pass them on to family at the time of death. They also benefit from greater currency control and significant structural flexibility.

For those who remember the darker pre-QROPS days, it should be a thing of wonder that they are now able to have such autonomy when it comes to wealth management, succession and estate planning. There really are very few vehicles that have been so successful in helping hard working people ensure the smooth transition of wealth to loved ones and dependants.

However, it is worth remembering that all products are suitable for all people and, depending on your circumstances, there may be additional or supplementary wealth management strategies that are more suited to your needs. Speaking with an experienced international financial advisor with a track record in retirement planning and QROPS is likely to be critical.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

French QROPS can help protect from currency fluctuations

Given the financial and political situation in Britain and Europe right now it is likely that more and more British people will look to move their pensions out of Britain, with a QROPS in France possibly the most popular potential option.

Over recent weeks the value of Sterling has taken a significant plunge resulting in significant rises in living costs for those reliant on the currency for most or all of their spending needs.

Inevitably, this means that many have had to reconsider their wealth management and financial planning strategies. Against this backdrop it is easy to see why experts are predicting a spike in the numbers of people taking advantage of a .

Read More

Questions you should ask when taking financial advice

Ask signIn my business, when I think about what’s important for clients, it´s about getting to the heart of the most important issues and understanding the most pressing concerns, be that now or in the future.

To do this, it’s important to ask the right questions, both of yourself and your financial adviser.

Here’s my list of important questions, there are lots more I am sure, but these are what I believe you should start with:

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.