QROPS Benefits

Some of the benefits of QROPS have already been mentioned previously however, in this section you will find the full list of benefits that you can expect with such a scheme.

No obligation to buy an annuity:

As there are no rules stipulating that you must buy an annuity by the age of 77 you can have a flexible draw down plan allowing you to pass 100% of you pension, on death, over to your selected beneficiary (see below).

Pension commencement lump sum increased to 30%:

In a select number of jurisdictions you are eligible to receive an enhanced lump sum if you wish. There are many factors to consider before taking the full amount, however this option, again, gives you the flexibility to chose

Vastly more investment options:

As your pension is now in an offshore jurisdiction your investment options are greatly increased and can include: Stocks, bonds, mutual funds, commercial property & REITs, forex, ETF's and much more.

Flexible income options:

Various drawdown and payment options are available and should be discussed with your adviser before choosing an appropriate strategy

Currency choice:

As you won't be in UK for the foreseeable future why should you risk currency fluctuations? By changing into your currency of choice you can mitigate this risk.

100% death benefit to beneficiary:

Due to the involvement of trustees and beneficiaries the QROPS arrangement allows you to rightfully pass 100% of your pension to your loved ones when you die.

Income paid gross of tax:

The income you receive from your pension is paid in full without tax deduction. That means your income tax liability can be significantly reduced.

Pension consolidation:

If finance wasn't difficult enough if you have numerous UK pensions you can consolidate them all into one easy to administer QROPS

No lifetime allowance limit (current UK limit: £1.8million):

You are not restricted by the size of your pension fund. However, if you feel you may be near to this limit and have not considered QROPS in the past it may be a good time to investigate further; transferring more than £1.8million into a QROPS will result in a 25% tax charge on the surplus. There are some exemptions which you should speak to your advisor about.

Professional management

This is obviously a huge benefit of setting up a QROP scheme. By utilising the tax advantages and through professional management you can take full control of your pension potentially increasing your fund size by a much larger amount than could be accomplished under UK constraint. Your adviser and our portfolio management specialists will ensure your pension meets all your requirements.
For enquiries, please find below our contact details

Head Office
Montpelier (Labuan) Ltd
Suite 5B, 3rd Floor
Wisma Wong Wo Lo,
Jalan Tun Mustapa
87000 Federal Territory of Labuan
Tel : +(6087) 419 661
Fax : +(6087) 419 662
E-mail: enquiry@montpeliermalaysia.com
Kuala Lumpur Office
Suite A-13-1, 13th Floor
Menara UOA Bangsar,
5 Jalan Bangsar Utama 1,
59000 Kuala Lumpur
Tel : +(603) 2302 3399
Fax : +(603) 2302 3398
E-mail: enquiry@montpeliermalaysia.com