A transfer of client benefit rights from a European Union registered pension scheme to a pension scheme that is established offshore, (outside of their "home" country) may be treated as a recognized pension transfer if the receiving pension scheme is a QROPS.
Under a QROPS offshore pension transfer, a recognized Trust provider is appointed offshore for the purpose of providing a tax efficient, safe investment.
The Trust will effectively purchase a single investment "folder" into which all of the clients' retirement planning requirements are invested, including the value of the offshore pension transfer itself.
A major attraction of QROPS pension transfers is the fact that the initial pension transfer into QROPS is tax-free up to lifetime limit of GBP 1.8 million.
If you have worked in the European Union as an expatriate of any nationality for any length of time and have returned home or are about to become repatriated, you may qualify for a QROPS pension transfer.
QROPS pension transfers are an extremely favourable option for those planning to retire overseas as expatriates.

About Offshore Pension Transfers

• QROPS, (Qualifying Recognised Overseas Pension Scheme) is the result of a European Union law governing the 1992 "Freedom of Movement of Capital."
  
  
• QROPS is an offshore, international pension fund available to all persons worldwide that currently has a current or frozen pension in a European Union company.
  
  
• A safe, secure investment - An offshore Trust is appointed custodian of pension funds for clients and their beneficiaries.
  
  
• An investment folder that encompasses all client retirement funds into one, personal offshore portfolio bond.