Transferring Your Pensions Overseas Using A QROPS Scheme
January 3rd, 2011
In this tale, I want to tell you how QROPS helped me and my hubby draw our pensions overseas. When I first wed my husband, we decided there and then to start saving for our old age. Not a lot of young people do this. Although, the years pass by so fast that before you know it you are heading towards the charming retirement age. Quite a while ago, we knew that the UK pension would not be enough to live on. Our dream was to purchase a villa in Spain and live there full time. Spain was always our family holiday destination so we knew it well. We had also checked out villas that would be most suited.
Our individual pensions were the next on the agenda. Once again, we turned to the net and found a website. They also dealt with investment so you got as much as possible as a return. It is called QROPS pension and the aim is to allow people added flexibility, ease of mind and greater choice when it comes to investing. The individual pensions and equity that my hubby and I had worked so hard to build up were very treasured to us, so we had to make the right choice when transferring them. After all, our life in Spain hinged on personal savings, but more importantly the UK state pension, along with our private pensions and equity investments. The transfer of our pensions to a new pension strategy has gone very smoothly. So the individual and state pension got sorted and now we are flying out next week, to purchase our dream villa in Spain.