QROPS.net To Offer New 50C Isle of Man QROPS
Offshore pension specialist QROPS.net is adding the new 50C Isle of Man QROPS to a portfolio of market-leading financial products for expats.
The new IoM QROPS that offers enhanced tax-free lump sum drawdowns of up to 75% or 80%, with pension payments and death benefits paid without tax deducted.
By planning to offer the new scheme, QROPS.net offers pension savers the best options from a range of products.
Although the IoM QROPS offers market-leading benefits, anyone planning to transfer their UK pension funds offshore needs to ignore the lure of headline features in favour of a tailored solution that meets all their personal financial requirements.
QROPS.net is planning to offer the new 50C Isle of Man QROPS to its huge client base around the world.
QROPS.net believes the product is an excellent solution – but it’s one of many available.
QROPS.net has no doubt the scheme will be popular, but as responsible advisers, they must make sure pension arrangements are discussed in detail with every client, so the right QROPS is in place for them.
The strength of QROPS.net (www.qrops.net) is the firm is the leading QROPS advisory firm in the world. This experience gives QROPS.net advisers a detailed technical and product knowledge of many products on the market, and an extensive network of contacts with QROPS providers in many different countries.
The 50c scheme was recently approved by the Isle of Man government and refers to Section 50 of the Isle of Man Income Tax Act 1970. The new rules allow a QROPS established under the Act to offer improved payments that compete more favourably with similar offshore pensions in other jurisdictions, like Guernsey.
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