Bangkok, Thailand -- (SBWIRE) -- 10/21/2013 -- Have you got a UK pension of £200,000 or more? The amount of cash lump sum you receive in retirement might be cut to £36,000 Instead of £50,000 under newly proposed pension rules in the UK.

If you have a pension pot of more than £144,000 you would be affected and have your lump sum capped. That means if you are only 50, you only need a current pension of around £60,000 for it to be affected if you retire at 65 and your pension grows at 6% p.a. So, this could have a far reaching affect.

Ed Balls has revealed he would cut pension tax relief and cap pension lump sums if Labour were to be elected in 2015. However, the current government may also decide to cap the amount of cash a pensioner in the UK could get access to. This all stems from a report by the Pensions Policy Institute which released a paper in June this year in which the PPI has made suggestions to the UK government concerning pension changes. The new proposals would hit the highest rate tax payers in the UK.

In their press release, they state,

Tax relief offers important advantages to pension savers, but does little to encourage pension saving, particularly among low and medium earners

The main gripe is that some higher rate tax payers get higher tax relief when making payments and then just pay basic rate of tax at retirement. PPI is trying to redress the balance to encourage more lower and middle rate savings, at the expense of higher rate tax payers. Here is their full paper.

What would the new tax relief rate be? PPI have suggested a flat rate of 30% across the board rather than the current tiered system. Previous statements by Mr Balls have nodded towards a 20% cap for those earning £150,000 or more. Party leader Ed Miliband has suggested a 26% cap across the board in the past as well.

This is on top of proposals to fade out personal allowance for higher rate tax payers which have been written in the plan for future budgets.

This will have far reaching consequences for higher rate tax payers and could mean that their pensions could be capped at £36,000. This could be a shock to the system for pension savers who have built up a large pension. For example, on a £400, 000 pension, normally they could expect a £100,000 lump sum at retirement. However, under the new proposed pension rules, higher income rate tax payers would receive only £36,000. A fall in the cash amount at retirement of £64,000. That will be a big shock to the system, particularly for divorced expats who may need this money as a down payment on a new flat.

For British expats or Brits who are looking to retire abroad, you can do something about it before the new pension rules kick in. You can transfer your pension offshore to a Qualifying Recognized Overseas Pension Scheme (QROPS) in a secure jurisdiction such as Gibraltar or Malta and take a 30% lump sum (as long as you have been living outside the UK for five years). This means getting a lump sum of £120,000 instead of the measly £36,000 under new proposed rules. Furthermore, they can take 50% of any increase in their pension pot after transfer every 3 years.

So, if someone has a £400,000 pension and transfers to a QROPS in Malta, they could take £120,000 upfront. Then in 3 years, they could take 120% of GAD rate plus 50% of any increase in pension. This could means receiving a pension income of around £16,000 with an extra £26,000 in year 3 as a lump sum. You can take these extra lump sums every 3 years. A transfer offshore allows you to receive a much higher income and higher cash lump sums. You also have the choice to invest in the mutual funds, gilts, treasuries, bond funds or ETF's that you wish as well as choosing which currency to transfer your pension into.

The latest poll on 10th October has Conservatives on 32%, Labour 38%, LD 11% and UKIP 13%.

Bloomberg's poll last month suggests that Labour will win the 2015 election, so these proposals may not be far off. If you are retiring outside the UK and want to move your pension offshore to a QROPS, it takes 3 – 6 months to transfer out.

In last month's article, we looked at how currencies affect your pension and why it may be better to transfer your UK pension to EUR or USD rather than GBP if you live abroad. A typical pension in Europe based in GBP has lost over 22% in value over the last 5 years for instance.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com
Contact us-
QROPS Specialists
Prime Buliding, 24 Sukhumvit 21, Klongtoey, Wattana, Bangkok 10110, Thailand
PH: +66 (0)2 661 7884 (please ask for Richard)
F: +66 (0)2 661 7885

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

QROPS Yemen Pension Transfer for British Expats to Avoid Paying Taxes

Bangkok, Thailand -- (SBWIRE) -- 10/18/2013 -- British expats living in Yemen or wishing to retire in Yemen or abroad can now transfer their pension into a QROPS Yemen to maximize pension tax relief. British expats living or working in Yemen can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like the Gibraltar and will no longer have to pay UK taxes on their pension if they stay offshore. Any Yemenis who have worked in the UK can also move to a QROPS

Yemen to avoid UK taxes if they have a substantial pension they have built up by working in the UK.

Yemen is one of the poorest and least developed countries in the Arab World, with a 14.6% unemployment rate, dwindling natural resources, a young population and increasing population growth. Yemen's economy is weak compared to most countries in the Middle-East, mainly because Yemen has very small oil reserves.

Yemen's economy depends heavily on the oil it produces and its government receives the vast majority of its revenue from oil taxes. But Yemen's oil reserves are expected to be depleted by 2017, possibly bringing on economic collapse. Yemen does have large proven reserves of natural gas. Yemen's first liquified natural gas (LNG) plant began production in October 2009.

Why live and retire in Yemen as a British expat?

Over 3,400 Brits live and work in Yemen, of which 3,386 are pensioners. For the Brits living in Yemen, you can take advantage of your offshore address to reduce UK tax on your pension as well as protect your wife and children from high UK taxation should anything happen to you. In the UK there is 55% tax upon death, but you can avoid this with a transfer to Gibraltar.

How Does a QROPS Pension Transfer to Yemen Work?

There are no QROPS in Yemen. You need to transfer to a QROPS in Gibraltar. Your pension gets transferred in cash to the trustees in Gibraltar who look after your pension. They use actuaries to calculate your pension income when it comes time to draw your income. But, the monies are normally invested in the Isle of Man with large companies such as Friends Provident, Generali or Royal Skandia. These companies simply hold your money and perform the day to day administrative chores as well as buy/sell funds and shares for you. Through a QROPS, you can invest in almost anything such as individual shares, ETF's, mutual funds, bond funds and hedge funds to try to maximise the growth of your pension.

A pension transfer to a QROPS Yemen will help you avoid UK taxes. Even if you don't retire in Yemen, as long as you retire outside the UK, you can take adavantage of your Yemeni address to transfer to a QROPS Yemen.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com
Contact us-
QROPS Specialists
Prime Buliding, 24 Sukhumvit 21, Klongtoey, Wattana, Bangkok 10110, Thailand
PH: +66 (0)2 661 7884 (please ask for Richard)
F: +66 (0)2 661 7885

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

QROPS Income Vs SIPP Income. Increase Your Pension Income with a QROPS Pension Transfer.

Bangkok, Thailand -- (SBWIRE) -- 10/18/2013 -- Many people don't realize the increased pension income you can receive under a QROPS Vs SIPP in the UK. For British expats who are living abroad, you can now get an increased pension through a transfer to a QROPS. The focus of QROPS pension transfers for British expats has primarily been estate planning as a UK pension transfer to a QROPS avoids the 55% tax upon death that the UK imposes on private pensions once taking benefits. You also avoid UK income taxes of up to 50%. But, one of the other main benefits of a QROPS pension transfer is the ability to draw a higher income than would be available under UK pension rules.

QROPS and SIPP Pension Income Differences. What Pension Income Would I Receive at Retirement?

We know that QROPS is a great estate planning tool, as you can pass on 100% of your benefits to your loved ones upon death in the form of a lump sum. This is great for your kids, but what about your income at retirement. What do you get out of it? Well, first off, you get to avoid UK income taxes which typically ranges from 20% to 50% depending on the size of your pension pot. Secondly, a transfer to a QROPS enables a larger payout at retirement age as the pension would be based on assumed investment performance rather than UK gilts under UK pension rules.

UK gilts are bonds issued by the UK government to raise money to balance its books. It is essentially UK government debt and is considered one of the safest form of investments as you wouldn't normally expect the UK government to go bust. These UK gilts are used to work out pension payments in the UK at retirement age.

However, due to historically low interest rates set by the Bank of England to try to promote borrowing in order to stimulate the economy, UK gilts have reached an all time low. UK gilts were 2.02% on 2nd August 2012. Annuity rates in the UK are based on these 15 year gilt yields. The latest 15 year gilt yields can be found from the FT.

The Difference Between UK SIPP and QROPS Pension Income

There has been quite a lot of pension industry press comment in the UK recently regarding the shrinking incomes available to pensioners in retirement via the GAD system.

UK pensions have seen the maximum permissible retirement income levels shrink steadily as factors such as quantative easing [governments printing money] leading to gilt yields falling dramatically to historic lows (yields recently reduced from 2.25% down to just 2%).

As the Isle of Man does not have to follow this GAD system (where a client has been non-UK resident for 5 plus years), clients are not faced with such worries; indeed many of our clients are able to access an income that is 50% greater than if they were in a UK SIPP where the GAD system for calculating maximum permitted income levels must be used.

The illustration shown below is based on a male aged 65. This shows the maximum pension per £100,000 in the pension pot.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com
Contact us-
QROPS Specialists
Prime Buliding, 24 Sukhumvit 21, Klongtoey, Wattana, Bangkok 10110, Thailand
PH: +66 (0)2 661 7884 (please ask for Richard)
F: +66 (0)2 661 7885

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

QROPS Vietnam Pension Transfer for British Expats to Avoid Paying Taxes

Bangkok, Thailand -- (SBWIRE) -- 10/18/2013 -- British expats living in Vietnam or wishing to retire in Vietnam can now transfer their pension into a QROPS Vietnam to maximize pension tax relief. Britsh expats living or working in Vietnam can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like Gibraltar and will no longer have to pay UK taxes on their pension if they stay offshore.

Even Vietnamese working in the UK can avoid UK taxes. Vietnamese who have worked in the UK and built up a substantial pension can avoid 55% tax upon death whilst receiving your income plus avoid UK income taxes with a transfer of your private pension out of the UK.

Why live or retire in Vietnam as a British expat?

Over 3,800 Brits live and work in Vietnam. Vietnam is a relative newcomer to the oil business, but today it is the third-largest oil producer in Southeast Asia with output of 400,000 barrels per day. Vietnam is one of Asia's most open economies: two-way trade is around 160% of GDP, more than twice the ratio for China and over four times India's. The economy has been growing at between 6% and 8% for the last 20 years.

In 2009, the nominal GDP reached $92.439 billion with nominal GDP per capita of $1,06. According to a forecast in December 2005 by Goldman-Sachs, Vietnamese economy will become the 17th largest economy in the world in 2025, with nominal GDP of $ 436 billion and GDP per capita of 4,357 USD. According to the forecast by PwC in 2008, Vietnam may be fastest growing of emerging economies by 2025 with a potential growth rate of almost 10% p.a. in real dollar terms that could push it up to around 70% of the size of the UK economy by 2050.

As a result of several land reform measures, Vietnam is now the largest producer of cashew nuts with a 1/3rd global share, the largest producer of black pepper accounting for 1/3rd of the world's market and second largest rice exporter in the world after Thailand. Vietnam has the highest percent of land use for permanent crops, 6.93%, of any nation in the Greater Mekong Sub-region. Besides rice, key exports are coffee, tea, rubber, and fishery products.

For Brits living in Vietnam, you can take advantage of your offshore address to reduce UK tax on your pension as well as protect your wife and children from high UK taxation should anything happen to you.

Normally your money grows offshore tax-free in a safe jurisdiction such as Gibraltar when you draw your income it is paid with just a flat rate of 2.5% deducted. This can then be paid into an offshore account (e.g. a bank account in the Isle of Man) or into a Vietnamese bank account if you have one.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com
Contact us-
QROPS Specialists
Prime Buliding, 24 Sukhumvit 21, Klongtoey, Wattana, Bangkok 10110, Thailand
PH: +66 (0)2 661 7884 (please ask for Richard)
F: +66 (0)2 661 7885

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

QROPS Zimbabwe. British Expats in Zimbabwe Can Now Transfer their UK Pension Offshore

Bangkok, Thailand -- (SBWIRE) -- 10/17/2013 -- British expats living in Zimbabwe or wishing to retire in Zimbabwe can now transfer their pension into a QROPS Zimbabwe to maximize pension tax relief. British expats living or working in Zimbabwe can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like the Gibraltar or New Zealand and will no longer have to pay UK taxes on their pension as long as they stay offshore. Zimbabweans who have worked in the UK can also transfer to a QROPS Zimbabwe if they have built up a substantial pension in the UK.

Zimbabweans who have worked in the UK can also transfer their pensions to a QROPS to avoid UK taxes.

Zimbabwe, officially the Republic of Zimbabwe and formerly Southern Rhodesia, Rhodesia, the Republic of Rhodesia, and Zimbabwe Rhodesia is a landlocked country located in the southern part of the African continent, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia to the northwest and Mozambique to the east. Zimbabwe has three official languages: English, Shona and Ndebele.

Zimbabwe began as the British crown colony of Southern Rhodesia, created from land held by the British South Africa Company. President Robert Mugabe is the head of State and Commander in Chief of the armed forces. Morgan Tsvangirai is the Prime Minister. Mugabe has been in power since the country's internationally recognized independence in 1980.

Mugabe points to foreign governments and alleged "sabotage" as the cause of the fall of the Zimbabwean economy, as well as the country's 80% formal unemployment rate. Critics of Mugabe's administration, including the majority of the international community, blame Mugabe's controversial programme which sought to seize land from white commercial farmers.

Government spending is about 2/3rds of GDP. In an effort to combat inflation and foster economic growth the Zimbabwean Dollar was suspended indefinitely on 12 April 2009. Zimbabwe now allows trade in the United States Dollar and various other currencies such as the South African Rand, Euro, Sterling, and Botswana Pula. If you transfer your pension offshore to a QROPS Zimbabwe, you mitigate UK tax and you hold your pension in a range of currencies, Sterling, Euros, Rand or Dollars or keep the whole lot in Pounds.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/23/2013 -- British expats living in Ireland or who want to retire in Ireland as well as Irish residents can now engage in a QROPS Ireland pension transfer to maximize reduce taxation in their home countries.

British expats living in Ireland can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like Gibraltar or Malta and will no longer have to pay UK taxes on their pension if they stay offshore.

Irish citizens can move their pension offshore to avoid the new levy on Irish pensions which was announced in May 2011. The new levy will start at 0.6% p.a. The new pension levy will amount to an average of 7.5% on their pension pot. The contribution will be made up of 3% on the first €15,000 of pay, 6% on the next €5,000 and a 10% levy on the remainder of earnings. Irish citizens and residents can now avoid this tax by a transfer to a QROPS.

Over 300,000 Brits live in Ireland. They can avoid UK taxes by transferring their pension offshore to a secure jurisdiction such as Gibraltar or Malta. Similarly, Irish citizens and residents can move their pensions offshore to avoid the new taxes on Irish pensions. A QROPS Ireland pension transfer may be advantageous for both British expats and Irish residents who have pension pots around the 100,000 EUR or 50,000 GBP mark.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/20/2013 -- Iraqis who have built up a substantial pension in the UK as well as British expats in Iraq can now transfer their pension offshore to somewhere like Gibraltar or New Zealand to avoid paying UK taxes. Your UK pension can be transferred to a QROPS in Gibraltar or a QROPS in New Zealand to avoid the 55% tax upon death in the UK and UK income taxes of up to 50%.

How Many British Expats are in Iraq?
Over 9,000 Brits live in Iraq. Engineers, oil workers, diplomats, military personnel, ex-armed forces, security professionals, teachers and NGO's all make up some of the British working in Iraq. Iraq's modern borders were marked out in 1920 by the League of Nations when the Ottoman Empire was divided by the Treaty of Sevres. Iraq was placed under the authority of the United Kingdom as the British Mandate of Mesopotamia.

A monarchy was established in 1921 and the Kingdom of Iraq gained independence from Britain in 1932. In 1958, the monarchy was overthrown and the Republic of Iraq was created. Iraq was controlled by the Arab Socialist Ba'ath Party from 1968 until 2003. After an invasion led by American and British forces, the Ba'ath Party was removed from power and Iraq came under a military occupation by a multinational coalition. Sovereignty was transferred to the Iraqi Interim Government in June 2004.

A new constitution was then approved by referendum and a new Government of Iraq was elected. Foreign troops remained in Iraq after the establishment of a new government due to an insurgency that developed shortly after the invasion. There were 46,000 British troops during the invasion. There are now no British troops in Iraq after they left in May, 2011.

For those Brits living in Iraq or any Iraqis who have worked in the UK and built up a substantial pension, you can now take advantage of your offshore status to move your pension to a QROPS Iraq in order to avoid UK taxes on your pension as well as giving you investment freedom to maximize your pension pot.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/20/2013 -- If you no longer live in the UK and you are non-resident for tax purposes and are in the Armed Forces Pension Scheme (AFPS) then you can transfer your pension into a Qualifying Recognized Overseas Pension Scheme (QROPS) in order to avoid paying taxes on your pension in the UK.

If you spend less than 91 days a year in the UK, you are considered a non-resident and can apply for a QROPS pension transfer. This means members of the Armed Forces PensionScheme (AFPS) no longer need to pay any more UK taxes.

If you are a British expat and have served in the British Armed Forces or British military, you can transfer to a QROPS to avoid UK taxes. QROPS Specialists ensure that serving and retired members of the Armed Forces, their widows, widowers, surviving partners, civil partners and dependents receive the pension to which they are entitled and which they deserve and make sure their Armed Forces Pension is free from UK taxes. As long as you are a British expat or wish to retire abroad, you may qualify for a QROPS Armed Forces pension transfer.

The Armed Forces Pension Scheme is one of the best there is, but you still pay UK taxes on it and it only grows in line with inflation. A QROPS Armed Forces Pension Transfer will get you out of the UK tax net.

You can access your Armed Forces Pension as early as 55 with a QROPS transfer and your pension has the chance to grow by more than it would in the UK, which is now only linked to the lower inflation rate, CPI. You also can choose the currency you are paid in and it is tax-free.

Army retirement for British expats can now be more beneficial with a tax-free, stress free transfer to a QROPS. Get more out of your pension on civvy street.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/20/2013 -- Both British expats in Indonesia and Indonesians who have worked in the UK can now avoid UK taxes though a transfer to a QROPS Indonesia. You may not know that you get taxed 55% upon death in the UK whilst drawing your private pension and also face UK income taxes of between 0% and 55%. A transfer to a QROPS in Gibraltar or New Zealand would avoid UK taxation.

QROPS Indonesia Pension Transfer for British Expats

Why live or retire in Indonesia as a British expat?
Over 14,000 Brits live in Indonesia. With over 238 million people, it is the world's 4th most populous country, and has the world's largest population of Muslims. Indonesia comprises 17,508 islands and 33 provinces. Indonesia is a republic, with an elected legislature and president. The capital is Jakarta. The country shares land borders with Papua New Guinea, East Timor, and Malaysia. Other neighboring countries include Singapore, Philippines, Australia, and the Indian territory of the Andaman and Nicobar Islands. Indonesia is a founding member of ASEAN and a member of the G-20 major economies. The Indonesian economy is the world's 18th largest economy by nominal GDP and 15th largest by purchasing power parity.

If you are a British expat in Indonesia or an Indonesian who has worked in the UK and want to transfer your pension, you can contact QROPS Specialists today to discuss your options. We can help you transfer your UK pension to a secure jurisdiction such as a QROPS in New Zealand or a QROPS in Gibraltar where your pension will grow tax free and be paid gross with no tax. Furthermore, your family will be protected from UK inheritance tax.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/20/2013 -- British expats living in India or wishing to retire in India can now transfer their pension into a QROPS India to maximize pension tax relief. Also, any Indian born residents in the UK who move back to India can also transfer their pensions and avoid UK income taxes in the UK.

British expats living in India can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like Malta and will no longer have to pay UK taxes on their pension if they stay offshore.

Indians who have worked in the UK can also transfer to a QROPS. Many Indian nationals spend time working abroad. Whilst working in the United Kingdom, pension benefits may accrue via employers' occupational or personal pension schemes. Indian nationals who have worked in the UK can also transfer their pension to India via a QROPS in order to avoid UK taxes on their pension. This enables them to pass the entire pension onto their loved ones rather than face a 55% tax in the UK.

Tax on a QROPS India
What taxes do I have to pay on my pension in India?

Under section 9(1)(iii), pension accruing is taxable in India only if it is earned in India. So, if you are a UK expat or an Indian national who has worked in the UK, you can transfer your pension via a QROPS and avoid UK taxes and Indian personal income tax on your pension.

However, if the person becomes 'ordinarily resident' and has lived in India for 9 out of the last 10 years, the income may be taxable.

For the majority, your pension will be paid gross, normally out of a safe jurisdiction such as Malta which is an EU sovereign state, but will be paid tax free in Malta. You can then elect to have it paid into an Indian bank account or paid into an offshore bank account.

Most Indian based QROPS will restrict tax free cash to 33% with the residual fund being used to purchase a compulsory annuity. Therefore, a jurisdiction such as the Malta may be a better jurisdiction and allow more flexibility and freedom of investment to maximize your pension pot.

Why live or retire in India as a British expat?
Britain maintained strong links with India after the British East India Company arrived in the 18th Century. A former British colony, the Indian economy has now become the world's 10th largest economy by nominal GDP and 4th largest economy by purchasing power parity. Following market-based economic reforms in 1991, India has become one of the fastest growing major economies and is considered a newly industrialized country. However, it continues to face the challenges of poverty, illiteracy, corruption and inadequate public health. A nuclear weapons state and a regional power, it has the third-largest standing army in the world and ranks tenth in military expenditure among nations.

It is estimated that 32,000 Brits live in India. Many Indians who have worked in the UK or Indians born in the UK and worked there all their life choose to retire back to India as well.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com
QROPS India for British expats article written by QROPS Specialists

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Bangkok, Thailand -- (SBWIRE) -- 09/20/2013 -- British expats living in Iran or planning to retire in Iran can now transfer their pension into a QROPS Iran to maximize pension tax relief. British expats living or working in Iran can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like the Gibraltar and will no longer have to pay UK taxes on their pension if they stay offshore.

Iranians who have worked in the UK can also benefit from a QROPS Iran pension transfer to avoid UK taxes if they intend to retire abroad.

Iran officially became an Islamic republic on 1 April 1979, following the Iranian Revolution. Iran is a founding member of the UN, NAM, OIC and OPEC. The political system of Iran, based on the 1979 constitution, comprises several intricately connected governing bodies. The highest state authority is the Supreme Leader. Shia Islam is the official religion and Persian is the official language.

Why live or retire in Iran as a British expat?
For starters, the food. The main Persian cuisines are combinations of rice with meat, chicken or fish and some onion, vegetables, nuts, and herbs. Herbs are frequently used along with fruits such as plums, pomegranates, quince, prunes, apricots, and raisins. Iranians also usually eat plain yoghurt with lunch and dinner; it is a staple of the diet in Iran. To achieve a balanced taste, characteristic flavourings such as saffron, dried limes, cinnamon, and parsley are mixed delicately and used in some special dishes. Onions and garlic are normally used in the preparation of the accompanying course, but are also served separately during meals, either in raw or pickled form. Iran is also famous for its caviar.

With two thirds of Iran's population under the age of 25, many sports are practised in Iran, both traditional and modern. Iran is the birthplace of polo and Varzesh-e Pahlavani. Freestyle wrestling has been traditionally regarded as Iran's national sport, however today the most popular sport in Iran is football (soccer) with the national team having reached the World Cup Final Tournament 3 times, and having won the Asian Cup on three occasions. In 1974, Iran became the first country in the Middle East to host the Asian Games. Iran is home to several unique skiing resorts with the Tochal resort being the world's fifth-highest ski resort (3,730 m/12,238 ft at its highest station), located only 15 minutes away from Tehran. Being a mountainous country, Iran is a venue for hiking, rock climbing and mountain climbing.

About QROPS Specialists
QROPS Specialists provide a comprehensive service for clients wishing to transfer their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS).

We provide independent and fiduciary advice to our clients. We aren't tied to any one pension company or provider, so we can genuinely find the best scheme to suit your preferences. QROPS specialists are experts in the field and will bring you constant news and updates concerning UK pension transfers abroad.

For enquiries, please send email to info@qropsspecialists.com

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Bangkok, Thailand -- (SBWIRE) -- 08/22/2013 -- QROPS or Qualifying Recognized Overseas Pension Schemes are one of the hottest searches on the internet by British expats at the moment. You might ask yourself, what is a QROPS? What are the requirements needed to become a QROPS? How can a QROPS help you? If you are considering these questions, then get ready with your pen, notebook and cup of tea or coffee as this post of mine will help to be a spotlight on the essential aspects of a QROPS.

What is a QROPS?

QROPS is an abbreviation of Qualifying Recognized Overseas Pension Scheme. It is basically the regulations under which your current existing pension can be transferred overseas, so that you can take your pension benefits in other countries and reduce your tax burden. QROPS allows many different schemes such as occupational pensions, personal pensions, SIPP's and SSAS's to be transferred into. These QROP schemes are suitable if you are a Brit considering moving or retiring abroad.

What are the Requirements of a QROPS?

Basically, a QROPS must allow locals and non-residents to be charged the same taxes on their pensions; a QROPS also must allow for 70% of any transfer to provide an income for life. The QROPS trustees must report to HMRC every year for 10 years. However, this does not affect you as a member. If you are from the UK and live abroad, you can take the benefits of a QROPS as soon as you are non-resident.

Who is Eligible for QROPS?

QROPS is for anyone who is eligible and has paid into a private or final salary UK Pension Scheme and wants to enjoy his retirement overseas. No matter if you are a UK tax payer or you are a German or other foreign national who has worked in the UK; you can choose the most beneficial QROPS scheme for a better selection of retirement options and in order to reduce your taxes.

What Are the Benefits of a QROPS?

Besides saving high imposed taxes (save 55% tax upon death and UK income taxes of up to 45%); QROPS provides a facility which allows more flexible pension investment and allows you to transfer your pension into a currency of choice. This is important as British expats living in Europe have seen their pensions drop by 22% in the last 5 years as they were living off EUR instead of GBP. The situation has been far worse if you are a Brit in Thailand. The GBP has fallen from 75 to the Thai Baht to around 45 Baht. You can transfer your pension into the currency of your choice and avoid these fluctuations.

These currency fluctuations can have a massive impact on your pension over a 10 year period, so it is important to not only think about taxes, but about how currency fluctuations will affect your pension in the future. One of the main reasons to export your pension to a QROPS, however, is that upon death, 100% of the remaining pension pot is handed over to your family or to any nominees you have chosen.

About QROPS Specialists
QROPS can be very beneficial for your retirement plans, but you must choose the schemes wisely as an ill formed decision may end up with you losing certain benefits, but an experienced QROPS specialist can explain how to protect your pension safely. For free guides and advice from QROPS specialists, you are encouraged to visit http://www.qropsspecialists.com who come highly recommended.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm