2. QROPS-Overseas Pension Scheme Transfers
What are the Benefits of an Overseas Pension Scheme Transfer?
Increase your monthly Income and your Asset Value using your QROPS Pension Plan
Enjoy Greater Global Diversification and the Risks against Currency Fluctuations
Minimise UK Inheritance Tax (IHT)
Fully portable form Country to Country
Greater flexibility in terms of how & when you draw down your benefits
Higher Growth Rates & Reduced Administration Costs vis a vis UK Plans
You can withdraw a 25% lump sum, 30% if resident outside the UK for over 5 years
Global Financial Expertise Wherever You Are www.prycewarner.com
3. QROPS
Qualifying Recognised Overseas Pension Scheme
Introduced on “A” day (April 2006)
HMRC Approved Overseas Pension Scheme
UK Pension Plan Holders can transfer plans to a QROPS
Available to Expats and Non-Domiciled Individuals Around the World
Increase Pension Income
Reduce Tax Burden
Ensure that your pension plan assets pass to your beneficiaries
Global Financial Expertise Wherever You Are www.prycewarner.com
4. Principal Benefits of QROPS*
Tax Free Cash Lump Sum – 25% on retirement, 30% if resident outside the UK for over
5 years
No requirement to buy an annuity
Income drawdown based on UK GAD rules
0% Tax on death pre-retirement
Significant Estate planning opportunities
*We advise that a minimum investment of £100 000 is required to obtain these benefits
Global Financial Expertise Wherever You Are www.prycewarner.com
5. Benefits: You do not have to buy an annuity at retirement. Instead you can keep your pension funds
invested and drawdown from them to provide a pension. Unlike an annuity, your remaining fund stays
intact. You can defer draw down benefits to a time that suits the pension plan holder
Investments: Investment opportunities in a wide range of asset classes including International
Property Funds.
Estate Planning: Our QROPS can be used to transfer benefits tax-efficiently to your beneficiaries.
Fees: Transparent and cost efficient fee structure
Regulation: Our Malta QROPS is fully approved and regulated by Jurisdictional Pension regulators
Gibraltar: We also provide a Gibraltar based QROPS which has distinct benefits for certain plan
holders
Additional Benefits
Global Financial Expertise Wherever You Are www.prycewarner.com
6. Why Pryce Warner International Group?
Over 40 Years Experience In Dealing with the Needs of Expats Throughout the World
Each Client has a Personal Account Representative
Greater Control over Their Investment Management
Greater Breadth of Investment Opportunities
Increased Estate Planning Opportunities
QROPS provided In Malta & Gibraltar: The HMRC approved jurisdictions with the
highest levels of regulation and security
Transparent Costs
Clear & Concise Investment Reporting
24/7 Web Access to Accounts
Global Financial Expertise Wherever You Are www.prycewarner.com
7. Investment Options
Our Clients have a wide range of investment options available to them and in
order to ensure these are fully taken advantage of, we offer a Professional
Review & Advice service.
Particular attention will be paid to your withdrawal requirements & the
currencies required.
All our portfolios are Multi-Currency and Globally Diversified.
Freedom to manage the assets within the plan in accordance with ever-
changing financial situations.
Direct access to your own pension plan advisor
Global Financial Expertise Wherever You Are www.prycewarner.com
8. Our Fund Performances as at 31st December 2013
Global Financial Expertise Wherever You Are www.prycewarner.com
Performances are Shown in %Annual Compound Rates of Growth
See next slide for relevant fund details
9. Pryce Warner lnternational Growth Portfolio
This Portfolio is a Multi-Currency Globally Diversified Equity Portfolio providing
comprehensive access to markets around the world & provides a suitable structure for
investors requiring regular income provision.
Pryce Warner lnternational Growth & lncome Portfolio
This Portfolio is a Multi-Currenry Globally Diversified Equity Portfolio providing
comprehensive access to markets around the world whilst at the same time providing
added focus for the regular income needs of investors.
Pryce Warner lnternational Bond & lncome Portfolio
This Portfolio is a Multi-Currency Globally Diversified Portfolio providing comprehensive
access to Bond & lncome Producing lnvestments around the world whilst at the same
time providing for the regular income needs of investors.
Pryce Warner lnternational Property & lncome Portfolio
This Portfolio is a Multi-Currency Globally Diversified Property Portfolio providing
comprehensive access to property markets around the world. The portfolio allows
complete liquidity whilst at the same time accessing & investing in the global property
markets in a diversified & balanced manner.
Global Financial Expertise Wherever You Are www.prycewarner.com
10. Pryce Warner International Group QROPS Reporting
Requirements to HMRC
If the member has been a UK resident at any time in the
past 5 years full reporting must be maintained by the
pension trustee
There are no reporting requirements by the Pryce Warner
International Group QROPS Trustees once the member has
been outside of the HMRC tax regime for 10 years
Global Financial Expertise Wherever You Are www.prycewarner.com
11. Application Process
Complete a Pryce Warner International Group QROPS application form
Pryce Warner International Group will review your existing Pension Plans/SIPPs
PWI Produces a Written Proposal stating all charges
Proposal is Discussed with the Applicant
Applicant receives all Transfer Documentation for Completion and Submission to
PWI including Copy of Passport & Proof of Address
Pension Plans & SIPPs are Transferred into the QROPS Plan
Clients can then view their Accounts online 24/7
Global Financial Expertise Wherever You Are www.prycewarner.com
12. QROPS Transfer Process
Your Pension Plan receives instructions from PWI QROPS Trustees for Transfer
Same as transfer between UK schemes
Benefits transferred in cash or in-species
UK Plan/s advises HMRC of an overseas transfer
Pension Plan trustees implement reporting requirements to HMRC
Personal pensions, occupational pension schemes, schemes in drawdown and final
salary schemes are accepted
Global Financial Expertise Wherever You Are www.prycewarner.com
13. QROPS Transfer Fees
Initial Set up Fee £750*
Initial Fees are a one off and include obtaining due diligence in accordance with our regulatory
requirements, preparation and completion of all necessary documentation for the trustees and
previous administrator, monitoring the application process and liaising with your advisor.
Annual Trustee Administration Fee £750*
The Trustee administration is charged annually in arrears on 30th September for the provision of
services which includes the management of the fund, annual accounts and the trustee responsibility
fee. These fees do not apply to specialised investment assets or where they are held with an
offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce
Warner International Group Limited fee schedule as in force at the time. Any additional professional
work requested by the Member will be quoted for in advance. These fees will be calculated by
reference to the time, complexity, urgency and responsibility of the work required.
Termination of QROPS or Transfer Fee £2000*
Upon transfer of the QROPS to another administrator a termination fee will be applied to attend to
all matters with regard to the transfer as required.
*These are our current fees and reflect provider rates, though these may be subject to change
Global Financial Expertise Wherever You Are www.prycewarner.com
14. In summary…
We are an INDEPENDENT Consultancy Group with over 40 YEARS experience
We have a PROVEN TRACK RECORD
We work with the WORLD’S BEST INVESTMENT MANAGERS
We provide a PERSONAL SERVICE for our clients
24/7 Online Access to Accounts
We are Happy to Provide Existing Client Testimonials to New Clients
ARE YOU ON THE RIGHT TRACK FOR YOUR FINANCIAL
FREEDOM & INDEPENDENCE?
Global Financial Expertise Wherever You Are www.prycewarner.com