Description:

Because I (The designer of BRITCHAT) was given INCORRECT ADVICE 3 years ago, we, BRITCHAT decided to find out more!  We do not want anyone to fall into the same trap.  Help IS at hand.

BRITCHAT have found what is now possibly the largest personal QROPS plan in the world, along with other alternatives, all fully registered and compliant for your protection and safety.

Please read the article underneath the advert below.  Please take action now.  There are three options: -

          1.  Do nothing and lose out on a VERY good alternative pension
          2.  Ask for details NOW - With NO obligation
          3.  Come to our BRITCHAT seminar on 17th February 2010 (See the details HERE)

For more details and various case studies, please see our website HERE.

If you would like to talk to BRITCHAT about this opportunity, please phone me on (0034) 66-177-3834.

If you would like to email me then click HERE.

Whatever you do, we think this is important for you.  If this email does not apply to you and we have disturbed you unecessarily, please forgive us.   However, you could do your friends a real BIG favour and make them aware of this by FORWARDING this article please.

Kind regards,

John R. Knight
BRITCHAT Magazine
& Guide2Valencia



In the October edition of BRITCHAT, we featured a news story headed “UK Pension Fund Concerns” and we promised to follow up on this when we‘d found out more.  This is what we said: -

UK Pension Funds concerns

Many members of UK Pension Schemes are suffering from frozen pension benefits. Many of these Scheme’s Pension Funds are not performing much above inflation, let alone making money, and occrding to a recent Daily Mail front page article, many look like they are doomed completely.

But enough doom and gloom, there is a new scheme known as QROPS (Qualified Recognised Overseas Pension Scheme).   This sounds too good to be true.

BRITCHAT were able to find out more and here is some information that we gleaned after having a meeting with the experts, who are fully regulated, we must add, so they are the ones in the know about these matters.

I only wish that I had known about this 2.5 years ago when I hit 60, so please do read on and ........

Don’t fall into the same trap as I did!

What to do with your frozen UK pension

Most people don’t realise that they can regain control of their previously frozen UK pension money.

If you’ve ever been a member of a UK Company Pension Scheme or a UK Personal Pension, even if you didn’t pay anything in yourself.   THIS MEANS YOU!

Help is at hand (Since April 2006) with a QROPS (Qualified Recognised Overseas Pension Scheme) Pension Transfer. QROPS will allow you much greater investment freedom with access to global funds with potential of higher returns, if your 50+ (hurry as this changes to 55 in April 2010) take your 25% tax free lump sum now with no need to buy an Annuity.

QROPS has allowed individuals and companies to unfreeze previously frozen money. In the process, the money moves from its current taxed environment into an offshore tax-free environment under your own control.

In other words, you could now gain access to your “lost” UK Pension.

What is QROPS?

QROPS stands for Qualifying Recognised Overseas Pension Scheme.

On the 6th of April 2006, Her Majesty’s Revenue & Customs introduced new legislation on transferring frozen pension funds from the UK to overseas QROPS solutions.

This now means that those who are or will be non-UK residents can transfer their UK pension funds without tax deduction and ultimately draw them without UK tax liability.

Background

For many years, British expatriates and those moving overseas have been faced with difficulties when dealing with UK pensions, as the pension is usually ‘trapped’ back in the UK. One of the main difficulties has been the tax treatment of UK pensions. Until now it has been virtually impossible to move a UK pension to an overseas pension without being forced to pay basic rate tax on the transfer.

The new legislation on QROPS is a breath of fresh air to thousands of expats around the globe, who during their time in the UK, may have been a member of a UK pension scheme, moved overseas and either lost or forgot about their UK pension. Put in very simple terms QROPS allows you to reclaim the pension money that would normally be stuck in the UK, transfer it to an offshore investment in your name and regain control.

You are simply taking your pension pot from a taxed environment to a tax free environment with better access, investment choice, growth, confidentiality and protection.

We believe a lot of expats are unaware of QROPS and the benefits it can bring. Any QROPS scheme must be fully approved by Her Majesty’s Revenue & Customs.

What do I need to do next?

BRITCHAT can put you in touch with a FULLY REGULATED QROPS Advisor free of charge and with no obligation.   They can tell you about the benefits and potential pitfalls, especifically appertaining to your particular situation.  

They will arrange a basic assessment of your frozen pension scheme.  This can be carried out by telephone, post or email, saving everyone time and money. A transfer value can then be obtained and a full assessment of your situation can be made by them, and a decision whether or not it is best to move your money to a QROPS.  

Email HERE
Website HERE.

Here is a Case Study which is most interesting ....

“Expat in Spain  gets  
£50,000  to expand restaurant”

Mr T had decided to move to Spain 6 years ago and follow his dream by opening a restaurant.  Whilst working in the UK he had accumulated a Pension fund of £250,000.

His Pension Company told him he couldn’t take any benefits until he was 65. On his instruction we applied for a Pension Transfer Valuation. The fund had performed badly, probably due to the restrictions on investments in the UK, and was now worth only £200,000.

Mr. T, aged 50, wanted to expand his business but couldn’t raise the required finance.

We went though all the benefits associated with transferring his UK pension to a QROPS and was delighted to learn he could take 25% tax free once the transfer had completed.  

Within 4 weeks Mr T had £50,000 paid into his bank account.  He didn’t feel the need to take an income as well from his Pension, so we invested the remaining funds.

The QROPS jurisdiction is Guernsey and within the QROPS is a investment platform which allows him to access the worlds investment markets. Mr T now has a QROPS with a fully managed pension fund. Within his portfolio is a selection of Capital Protected Funds, structured notes and high interest deposit accounts.

Mr T has expanded his business and is still not sure when he`ll need to take an income from his QROPS, but the decision is now his now and the UK Pension Provider.

Conclusion

If you are living abroad and whatever age, you CAN take advantage of QROPS.

See the advert above and take action NOW!

Please note that after evaluation by an expert they may consider that you do not need a QROPS, but should stay with your current scheme.  Unless you enquire though, you will not know what is the correct action for your personal circumstances.  It must be emphasised that each case is examined individually and you will be advised what is best for YOU!

Disclaimer

The use of this www.rescuemylostpension.com site is intended as a tool to obtain information about Financial Planning. Although our site endeavours to ensure that the content is accurate and up to date, no representation or warranty, express or implied, is made to it's accuracy or completeness.  This website contains general information and should not be construed as professional advice or recommendation of any product or service offered by the companies providing such products or services that we BRITCHAT & Guide2Valencia may pass your details on to.

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