A quick guide to pension schemes.
UK Pension Transfer Guides
A UK Pension Transfer Guide
UK Pension Options
Brite Advisors specialise in giving international pensions advice for anyone with a UK pension.
Even if you already have a QROPS or international SIPP, reviewing your plan is essential to ensure your money is performing to its optimum.
This information should help you with the essentials so you can make an informed decision about your retirement plans. As always we are on hand to give you the best advice.
There are several different types of pension schemes available - including SIPPs, ROPS (or QROPS) or a QNUPS.
If you have a UK pension and want to take full advantage of its potential, a SIPP or ROPS (or Recognised Overseas Pensions Scheme) may be the best option for you.
It’s easy to get a no obligation transfer valuation so you can get a view of how much your pension is worth and how it might benefit you by transferring to a recognised scheme.
A transfer can give you more control and flexibility with access to your funds anywhere in the world.
If you have several pension plans, bringing them together in one plan may provide greater control, making monitoring easier and potentially reducing overall fees.
Reconnect with your pension
You may have accumulated a significant fund or have a company with a defined benefit scheme. A member of such a scheme is entitled to a transfer value calculation free of charge once every 12 months. This is an opportunity for you to assess the value and the potential benefits of a transfer.
Getting the right advice
It is recommended to work with an experienced advisor when dealing with UK and overseas schemes, as knowing the legislation in the country of residence of the client and the pension provider is essential.
What to do next?
If you have a UK pension fund or have already transferred, it may be worth getting a fresh valuation to understand what it could be worth both now and in the future.
Need to find a lost UK Pension?
Use this handy UK Government website link below to reconnect with your lost UK pension. Just add the required information including your National Insurance Number and you should be able to locate any forgotten UK pensions.
To find out more about how we can help you, simply leave your details and one of our advisors will be in touch.