• What is QROPS?

A Qualifying Recognised Overseas Pension Scheme (QROPS) is a HMRC-recognised pension transfer scheme that is based in a jurisdiction outside the UK but still keeps the same standards or equivalent as a UK pension.
If you are thinking of moving away from the UK but have a local pension, then those savings are easily transferrable into a QROPS, provided that the overseas scheme of your choice is registered with HMRC and fully compliant with the standards of the jurisdiction it is domiciled in. The popularity of QROPS schemes has risen considerably following the introduction of new pension rules in 2006 by HMRC.Type your paragraph here.

  • Why should I choose a QROPS?

A QROPS provides you with more control over your pension fund investments. With a QROPS you can also combine various smaller pensions into one large pot. Additionally, you can even do away with purchasing an annuity thanks to this scheme.
QROPS will also let you bestow the rest of the fund to your beneficiaries without any deduction of UK tax upon death, as long as you have spent five years or more living outside the UK.

  •  Is a QROPS suitable for me?         

If you have left the UK or are planning to leave, then a QROPS is almost certainly likely to be suitable for you. That being said, it is always essential to consult a professional and get the advice you need before taking steps to set up a pension transfer. Here at deVere Group, one of our professional independent financial advisers will be assigned to you to assess your financial and personal situation. That way he or she can ensure that the scheme of your choice is the best one for you and fully compliant with HMRC rules and standards.

  •  What are the key benefits of a QROPS through Universal Global Services?         

Consolidation of multiple pensions
Flexible choice of currency
Funds fully conferred on to heirs after death (after five full years of non-UK residence)
Investment flexibility and freedom
No obligation to buy an annuity
Possibility to allay UK income tax or death charges of up to 45%
Safe and well-regulated jurisdictions
Transparent charges
Up to 30% pension initial lump sum (see rules of residence above)

  •   Which is the best jurisdiction for QROPS?         

​ The QROPS jurisdiction you choose will vary depending on your individual requirements - however,Universal Global Services highly recommends Malta and Gibraltar. Malta is an integral member of the EU, with a highly-regulated banking sector and a fully transparent tax system while Gibraltar's links with the UK make it subject to EU rules and regulations.

For a pension review with no obligation, or to learn more about QROPS and how it can help you, speak to a Universal  Financial Adviser today by completing the form above.

Independent Financial Advisors

Offshore & Tax effecient Investments

QROPS Pension Transfer


We can help you plan for your retirement, by assessing your current assets and building a portfolio that will provide a realistic level of income while minimising your tax liability.

Clients of Universal Global Services can rest assured that their investments, which are placed in safe jurisdictions such as the Isle of Man , Channel Islands, Ireland and Luxembourg thus enjoying maximum confidentiality, security and tax efficiency.

We have access to wide range of award winning regular savings accounts which can be used to fund private pension planning. Together we can design a plan tailor made to our clients requirements. The inherent flexibility will prove its worth if your personal circumstances should change in the future.