An QROPS Isle of Man with zero-costs designed as an offshore allowance solution for high net worth retirement savers has been launched.
AML World Solutions has offered QROPS pension schemes from the Isle of Man for some years, but has upgraded the Evolution QROPS to include expert services.
The attention-grabbing feature is a promise the QROPS has no joining or regular costs.
The QROPS supplier also states the evolution QROPS includes 4 levels of asset management; life protection, tax consultation and estate planning guidance.
Evolution offers portfolio management based totally on the client's view of risk - low, medium or high, plus a self managed investment option.
"The fact that Evolution delivers a 0 cost qrops pension structure to the client is a compelling proposition. We are delighted to have included many features in the structure and this will set new standards for speculators and supply a welcome boost to the qrops pension market," related an AML spokesperson.
Evolution is open to ex pats of any nationality and residence who meet 4 criteria:
- They wish to transfer a UK allowance fund that is worth £100,000 or more
- They want to live outside of the UK
- They are likely to qualify as non-UK resident for 5 full tax years
- They have private/personal allowance already in payment
AML says the Evolution brings together tax, finance and investment specialists offering expert information to retirement savers transferring in to the Isle of Man QROPS.
As a result, the firm will provide possible clients with suitability reports and a full transfer value research on any outlined benefit annuity transfer. However independant advice is recomended.
The danagers of using a provider for Qualifying Recognised Overseas Pension Schemes advice is that they will be naturally biased towards their own scheme.It is always recomended to take independent advice when dealing with financial products and services
A number of other QROPS providers in the IOM and other offshore financial centers, like Guernsey, offer retirement savers low cost, self managed qrops pension, while multi jurisdictional products that permit pension savers move nations have become more well-liked too.
AML World Solutions has offered QROPS pension schemes from the Isle of Man for some years, but has upgraded the Evolution QROPS to include expert services.
The attention-grabbing feature is a promise the QROPS has no joining or regular costs.
The QROPS supplier also states the evolution QROPS includes 4 levels of asset management; life protection, tax consultation and estate planning guidance.
Evolution offers portfolio management based totally on the client's view of risk - low, medium or high, plus a self managed investment option.
"The fact that Evolution delivers a 0 cost qrops pension structure to the client is a compelling proposition. We are delighted to have included many features in the structure and this will set new standards for speculators and supply a welcome boost to the qrops pension market," related an AML spokesperson.
Evolution is open to ex pats of any nationality and residence who meet 4 criteria:
- They wish to transfer a UK allowance fund that is worth £100,000 or more
- They want to live outside of the UK
- They are likely to qualify as non-UK resident for 5 full tax years
- They have private/personal allowance already in payment
AML says the Evolution brings together tax, finance and investment specialists offering expert information to retirement savers transferring in to the Isle of Man QROPS.
As a result, the firm will provide possible clients with suitability reports and a full transfer value research on any outlined benefit annuity transfer. However independant advice is recomended.
The danagers of using a provider for Qualifying Recognised Overseas Pension Schemes advice is that they will be naturally biased towards their own scheme.It is always recomended to take independent advice when dealing with financial products and services
A number of other QROPS providers in the IOM and other offshore financial centers, like Guernsey, offer retirement savers low cost, self managed qrops pension, while multi jurisdictional products that permit pension savers move nations have become more well-liked too.
About the Author:
Single jurisdiction qrops pension are sometimes set up to handle tax issues in one country, while multi-jurisdictional qrops pension are rather more portable, especially for investors switching offshore jobs. Speak to the leading players in qrops pension guidance, QROPS.net.