British nationals who have built up pensions back home and now live in the Netherlands need to be aware of changes in the UK law.

Are you holding UK pensions and now living outside of the UK? Do you know how these pensions are being managed and how stable the scheme is? Are you concerned about the new 55% tax charge on UK pensions for those resident and non-resident UK? If you are, you need to act now to capitalise on changes in UK law.
New 55% Tax Charge for Beneficiaries of all UK Pensions
Understandably, many are keen to ensure that they are adequately provided for in retirement, however, there are many who have built up pensions in the UK who now have very little control over how their pension money is being managed, where it is invested, or indeed how safe the scheme is that is managing this money.
Furthermore very few, that are holding UK pensions, are aware that there is now a 55% tax charge to beneficiaries who receive a pension fund member’s crystallised pension in the event of the pension members death.

Solution?
So, is there a solution to this? Yes, there is! The solution is to transfer UK pensions to a Qualifying Recognised Overseas Pension Scheme otherwise known as a QROPS.
‘I don’t like the idea that my pension is just sitting there in some fund not being proactively managed. I like the idea of being able to manage my pension money in a way that is more transparent and doesn’t penalise my family when they come to inherit my fund,’ says one British national living in The Hague.
On Saturday 17th March 2012 – 1:00pm AES International is holding a free seminar on UK pension transfers, in The Hague. Additional date now added for 24th March in Eindhoven. Places are limited so act today by registering your interest.
Register Your Interest Here:
Why consider transferring your UK Pensions?
* Removal of the 55% tax charge that your dependents are liable for on the value of your pension fund upon the event of your death once your pension is in payment (this alone can make using a QROP worthwhile for those who have accumulated UK pensions and are now ex-UK)
* Could provide a wider choice of investment opportunities and currency diversification
* Receive a larger lump sum at retirement (30% rather than UK 25%)
* Greater control over how your pension money is managed and invested -complete transparency
Not all QROPs are created equal, however, and thus it is important to understand the many differences between the different schemes and all of the options available to you. Also, importantly, a QROP solution is not right for everyone.
At the seminar the presenters will be discussing when a QROP isn’t the best course of action and discuss other possibilities which may make better sense for your particular circumstances.
The QROP seminar which will be hosted by fully qualified UK pensions specialists who will cover, amongst other areas:
* The full story behind QROPS – pros and cons to making the transfer
* The differences between various QROP jurisdictions
* How to invest? Once your money has been transferred to the QROP how should this money be best managed?
You will have lots of opportunity to ask questions in an informal, but informative environment. Register your interest today!