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Contact Fiduciary Wealth for wealth management and financial planning advice. We specialise in international tax planning and cross border advice to expatriates.

Retiring to Gibraltar? How QROPS can help Admin - 11 Sep, 2014

If you are planning on retiring to Gibraltar and are looking at how to maximise income from your private pension scheme then look no further, it may be possible for you to transfer your pension to a Gibraltar QROPS and pay only 2.5% tax on the income that you draw. Sounds a lot better than being taxed at your highest marginal rate which would be the case if you were paying UK tax on your pension drawdown.  If you are a 65 year old male with a fund worth £300,000 this could provide you with an income of £26,500 and from this you would only lose £662.50 in tax.

Of course QROPS might not be right for everyone which is why you should take retirement planning advice from one of our certified financial planners. They will be able to discuss with you the new pension rules in the UK and how taking advantage of these compares with the drawdown facility available from Gibraltar QROPS. Not only that but they can guide you through the whole Gibraltar residency process leaving you with time to get on with the important things in life.

Speak with a financial consultant on +35020050982 or email enquiries@fiduciarywealth.eu for advice or help on moving to Gibraltar.

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