HMRC recently reduced the lifetime allowance to £1.25m. The lifetime allowance is on a downward path with some commentators suggesting it will fall further to £0.5M. Transferring your UK pension into a QROPS will crystalise the LTA test and offer a valuable escape route placing the retirement funds in a jurisdiction with a benign tax environment.
The UK is clearly heading towards significant pension reforms the likes of which have not been seen since April 2006 known as “A-day.” We are entering a period of great uncertainty which makes it difficult for clients and advisers to make retirement plans with a great deal of confidence.
To navigate through troubled waters you need expert cross border retirement planning advice. Trust the experts call one of our certified financial planners for QROPS, pensions and investment advice. We are happy to arrange a private consultation at our expense all you need to do is call us on Tel: +34900102474 or email enquiries@fiduciarywealth.gi
Lifetime allowance limits on a downward trend dont get caught out move to QROPS
18 November 2018
