Why the Liberty QROPS?

A QROPS made for you, the Liberty QROPS is a competitive and flexible offshore pension arrangement that enable residents and individuals who are about to leave the UK, or UK expatriates, to transfer their accrued pension benefits from their UK pension schemes and make future tax savings.

It is tailored to meet the needs and personal circumstances of individuals in a cost-effective manner. The main advantages are:

the ability to pass pension assets to future generations without punitive UK tax charges (currently up to a maximum 82% of the residual pension fund on death after age 75);
flexible and wide investment choices* in multiple currencies, including: residential property, scheme loans, self-investment options (for those who are suitably qualified);
the opportunity to take up to 25% tax-free cash on retirement;
greater tax efficiency on draw down;
flexible benefit options, with no requirement to purchase an annuity or alternatively secured pension (ASP);
no liability to UK tax* on income from the Liberty QROPS;
consolidation of UK pensions and/or post 'A' Day offshore pensions;
after transfer, a member of the Liberty QROPS is no longer subject to the Lifetime Allowance Charge;
no limits on contributions to the fund, nor fund size;
open to all nationalities;
transparent fee structure.

The Liberty QROPS is HMRC approved and open to residents of Guernsey and the majority of other countries in the world.

Most forms of UK pension can be transferred to the Liberty QROPS, which is based in Guernsey, the Channel Islands, where non-residents are not subject to Income, Capital Gains, Inheritance, VAT or other taxes.

* Provided that you are not resident in the UK for tax purposes nor have been resident during the last 5 complete tax years.

Liberty QROPS is HMRC approved.