QROPS: Mind the gap

There is always a gap in what we know about things and how they actually work. Let's start the year with a recap of developments in the world of QROPS. The more informed we are, the better decisions we make!

There have been quite a few changes indeed during 2015 in terms of #legislation. The good news is that the main benefits of using a QROPS remain as before:

  1. You can still take a lump sum of up to 30% of your pension fund free from UK tax
  2. Your pension can be denominated in the currency of your choice, which helps mitigate your exposure to exchange rates, whilst at the same time simplifying pension payments.
  3. Upon death your pension can be passed on to your 'loved ones' free of UK inheritance tax

For more information visit www.axis-finance.com