1. What is the minimum value I can transfer to aQROPS? In our experience the better schemes requirefunding of around 50,000 GBP. However, thereare similar schemes available from 25,000GBP. Whatever your situation, and UK pensiontransfer value, contact us anyway as there isusually a solution to be found.

2. Will payments from my QROPS pension fund be reported to HMRC in the UK? QROPS providers are required to notify HMRC ofany payments from transferred pensions inrespect of a relevant member during the initial 5years from the time the member ceased to be anordinary resident of the UK for tax purposes. And in the event that the member becomes anordinary resident for tax purposes in the UK;when the payment is made. 3. If I transfer my UK pension into a QROPS will Ihave to buy an annuity? No, although you may if you wish. Withoutthe need to purchase an annuity it means youcan invest into wide ranging assets, and gainthe advantage of passing any remaining fundsupon your premature death to your lovedones. Without any liability to the UK PensionTax at 55% or UK IHT at 40%. 4. Who may apply to transfer their pension into aQROPS? Most of the schemes are not available to UScitizens and there can be problems with USresidents; however any other nationality mayapply. 5. What investment choice and freedom will I havewith a QROPS? The investment choice will normally be very wideindeed. Under certain circumstances you canmanage the assets yourself with total freedom, orwork with an investment manager / financialadviser. You may also appoint an investment manager tomake the decisions for you or with you. It reallydepends what you are looking to achieve andhow involved you would like to be with theinvestment decisions. 6. We can arrange for an investment adviser towork with you by reviewing your QROPS fundassets and make recommendations to you ona quarterly basis. There is no limit to the size of funds that maybe accumulated within a QROPS; and a QROPSis exempt from the UK Lifetime Allowance (themaximum value of the underlying fund; beforetax on any excess becomes liable; currently ata tax rate of 55%). 7. How & when can I take benefits from my QROPS? Typically there is considerable flexibility in thetiming of taking any benefits from a QROPS.Usually benefits will be taken from the age of55, but it can be possible to access fundsbefore or after these ages. Please contact usfor further information dependent on yourcircumstances. 8. Once Ive transferred my UK pension to a QROPScan I access my fund as a 100% lump sum? Unfortunately the answer here is no. This isbecause the funds that you have built up(after taking your TAX FREE lump sum) arerequired under the current QROPS / HMRCrules to provide an income for you and yourdependents for the rest of your life, andperhaps beyond. 9. How will any benefits or withdrawals be taxed? Most of the schemes we recommend thepension income is paid GROSS (TAX FREE).The tax treatment of any income you receivewill depend upon where you are tax residentat the time. (Note: we recommend you seekindividual tax advice regarding your particularcircumstances). 10. What will happen to my QROPS pension fundupon my death? Typically and a major benefit of a QROPS isthat the remaining value of the fund is paiddirectly to your beneficiaries. Without anyliability to the UK Pension Tax at 55% or UKIHT at 40%. 11. I may go back to the UK in the future, can I stillbenefit? QROPS are for people whose intent is not toreturn to the UK in the future. However if thisis some time away say 10 years plus - thenyou may still want to consider a QROPS as thebenefits of ownership are substantial. Pleasecontact us to discuss your particularcircumstances. 12. I have a UK SIPP and I have drawn an income, can I benefit? A QROPS can be used to receive transfer values fromany UK registered pension scheme whether this is forexample a Personal Pension Plan (PPP), a SelfInvested Personal Pension Plan (SIPP), a Small SelfAdministered Pension Scheme (SASS), or anOccupational Scheme whether its a Money PurchaseScheme or a Final Salary Scheme all can betransferred to a QROPS. However if the pension scheme benefits have or arealready being taken, then it is not possible toundertake the transfer. 13. How long will a transfer to a QROPS take? Most transfers can take 2-3 months. The processis initiated by you completing a letter of authorityenabling us to get the relevant information fromyour existing pension provider; for example thecurrent benefits and a transfer value. This is notbinding in any way, and will only allow us toreceive the details regarding the pension schemethat you have. However it will allow us to provideyou with individual expert independent advicereflecting your personal individual circumstancesand future plans. 14. Can I transfer funds and assets in my UK scheme or do I have to liquidate them into cash? This will depend on the pension provider youhave, and the assets that you hold. Generallya transfer will be quicker if converted intocash. Please contact us to discuss yourparticular circumstances. 15. What are the key facts to look for in a goodQROPS? Strong investor protection from a wellestablished jurisdiction similar to the UK,investment protection, transparency ofcharges and tax efficiency. 16. My pension fund is substantial, what tax implications may there be? A transfer to a QROPS will be a benefitcrystallization and therefore will give rise to atax charge if the amount exceeds the lifetimeallowance (currently 1.8 million in the 2011tax year). If your fund is in excess of thisamount then please contact us for specialistadvice. 17. Are there any circumstances in which I shouldnt transfer to a QROPS? Yes there are, although in most situations wehave come across so far, as long as you are anon UK resident and intend to remain so thebenefits to you can be immense. If you have guaranteed annuity rates set manyyears ago when interest rates were muchhigher, this would be one such situation thatwould need careful consideration and advice. 18. Can I organize a QROPS myself? No. QROPS providers will only take pensiontransfers through their appointed intermediaries. We are appointed intermediaries; and as such wecan provide you with all of the information, andthe independent financial advice that is necessaryfor you to make an informed choice as towhether a QROPS is right for you. 19. We can also take care of all of the paperwork;making the transfer as easy as possible foryou. If you feel that you would like to find out moreabout QROPS and whether they are right foryou. Then why not take the opportunity totalk to the market leader in QROPS advice.Simply call us on +852 5308 3732 - we lookforward to talking with you soon.