• You contributed to a Company or personal pension plan whilst you lived and worked in the UK
• You have now left the country and achieved your dream retirement in the sun
• What happened to your pension plan in the UK when you left?

If your plan is still in the UK consider the following points:

1. How is the plan performing?
2. Is the plan likely to produce the long-term results required to enable you to have the standard of living in retirement that you desire?
3. Do you know what the plan charges are and whether these are competitive?
4. You could take benefits at 55 BUT there may be penalties. Do you know what they are?
5. What happens to the plan on death? Are there sufficient provisions for survivors?
6. How much information do you receive from the plan?
7. Do you feel sufficiently in touch and informed?

If you are unable to answer these questions, you may consider there is merit in reviewing your plan to see exactly where it stands in relation to your future needs and requirements.

Is it appropriate to consider transferring your pension overseas?

Any such review should include considering whether it is in your best interests to transfer your pension out of the UK. It is possible for you to transfer your benefits to a Qualifying Recognised Overseas Pension Schemes (QROPS) which is simply a personal pension plan based in an offshore location.

Some of the main reasons for considering this option include having the possibility to match benefits and options to your circumstances in your country of residence as opposed to remaining in a plan that is no longer suitable for purpose. QROPs enable you to have closer control over your pension investment strategy and the way in which you withdraw benefits.

If you wish to review your situation, please contact us. We are pleased to offer a complimentary initial meeting to discuss your requirements and our services without obligation on your part.