At Meyado the most common question we receive is, "What are the main benefits of QROPS?"
There are 2 main benefits, Income Tax and Death Duty.
Income tax applies to income in the UK. It is possible that you may reclaim income tax once paid from your pension income, but this is not always possible and at best will incur administration, time and hassle. Income from QROPS is paid free of UK tax.
Secondly, there is no Death Duty to pay on your QROPS fund when you die. That is to say that it stays outside of your estate for Inheritance Tax purposes.
Of course every client has different circumstances and there may be aspects to consider in your particular circumstance, we are always happy to discuss QROPS on a no obligation basis. Simply contact singapore@meyado.com or visit our website http://www.meyado.com.sg/ for more information
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