HELPLINE: 
QROPS is out, but there is an even better tax-efficient way to invest in your retirement.
The latest. Aside from those who started transfers before 30 October, 2024, and complete by 5 April, 2025, QROPS (Qualifying Recognised Overseas Pension Scheme) is no longer viable due to its hefty 25% Overseas Transfer Charge (OTC).
A savvy solution. We offer a smart alternative based around the International Self-Invested Personal Pension (ISIPP), a pension designed specifically for non-UK taxpayers. Catering to expats with at least £75,000 to transfer, they are:
- Multi-currency, so you can keep your money in euros.
- Free of tax when moving from a UK pension.
- Exempt from the 25% OTC, unlike QROPS.
- Diverse, investors choose the custodian/platform from many jurisdictions.
- Versatile, flexi-access is offered from age 55+.
Standout feature. ISIPP comes with an NT (Non-Tax) code allowing expats to bypass the automatic 45% UK withholding tax on withdrawals. While this can be done through the France/UK Double Taxation Agreement, the process can take over a year to finalise making the NT a nifty perk in the process.