Her Majesty's Revenue & Customs (HMRC) permit UK pension rights to be transferred to a Qualifying Recognised Overseas Pension Scheme (QROPS). The QROPS must be in effect as if it were a UK scheme for those members who have been resident in the UK at any time in the previous five tax years. The QROPS is structured very much like a UK pension; i.e. an investment vehicle which is owned on your behalf by a pension provider/administrator (the trustees). The trustees must be based outside the UK and approved by HMRC as a QROPS administrator.

Full information on the QROPS scheme and more importantly the most suited jurisdiction for the QROPS to be held will be provided to you when you speak to one of our QROPS advisers, without cost or obligation.

	Complete the Letter of Authority form giving Argent International authorisation to request the transfer value and transfer forms (3 in total) on your behalf.
	Once the current transfer value is confirmed by the UK pension provider you then complete a Form of Engagement with Argent International once the fees have been agreed.
	All of the forms will be completed and sent to your U.K. pension provider.
	The UK pension provider then transfers the fund to QROPS. Click on YES to start the process and download the Letter of Authority, complete sign and return by fax on +44(0)1664 444625 or email to the qrops@aifsg.com. Alternatively ring our Pensions Advisers on +44 (0)1664 444625.

	Argent International is a highly respected financial services group of companies, specializes in comprehensive and independent financial advisory, wealth management, company and trust administration services to private, corporate and institutional investors. For over 21 years we have assisted investors to enhance their financial position and make the most of the opportunities available in the global financial market.
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With an ever increasing ageing population, there are not enough young people paying into the state scheme to take care of pensioners. The likely result is a crack down on pensions schemes in the future and an increase in taxes (as we have witnessed already). Luckily for UK citizens, they can transfer their UK private pensions offshore to mitigate tax. The Qualifying Recognized Overseas Pension Scheme (QROPS) allows most types of UK private pensions to be transferred offshore. QROPS was designed with the intention of giving UK expats who aren't returning to the UK the option of moving their pension to a 'white list' country offshore such as Guernsey or the Isle of Man. Not only do you mitigate tax, but you don't need to purchase an annuity. This means that your whole pension fund is left to your spouse upon death and then onto your kids should your spouse pass away.

Furthermore you don't need to report to the HMRC (UK tax office) after 5 years. If you've been abroad for 5 years already, you don't need to report to them at all. You may even be able to access 25% of your fund immediately after transfer provided you are over 50 (55 from 2010) and you can include your property within the QROPS, so your kids don't have to pay inheritance tax on your house(s).

The UK HMRC monitors the companies it has approved to provide QROPS schemes.

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