Pensions of Credence Independent Advisors

SIPPS (Self InvestedPersonal Pension Scheme)

UK pensions can often be built up over a career and may not be structured ideally for their owners. A Self Invested Personal Pension Scheme can be tailored to the owner’s requirements, with more allowable underlying investment options and greater flexibility. If you have a UK pension, you should have a consultation to see if a SIPPS is the right solution for you.

QROPS (Qualifying Recognised Overseas Pension Scheme)

A QROPS is an HMRC pension transfer scheme that meets the same requirements as a UK pension. With the ever-changing employment market and international movement of employees, QROPS can be the ideal solution for people who decide they will not return to the UK. Benefits include reduction of income tax, greater investment and succession planning options. If you are considering staying outside of the UK and have UK pensions, then you should have a pension review and see what the best options are for you.