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QROPS Jurisdiction - Isle of Man
QROPS Isle of Man could soon be the main location for pension transfers, as the Isle of Man’s new pension legislation has redefined the QROPS landscape, helping you make the most of your hard-earned assets.
The benefits of a QROPS Isle of Man include:
Investors can potentially withdraw 75% of their pensions as a tax free lump sum
Pension income into IOM QROPS is tax-free, unlike in the previous regime, where a 20% levy is charged.
Transferring your UK pension into an IOM QROPS allows you to avoid the constantly-changing UK taxation rules, as we ensure that you exploit the maximum potential of your hard-earned assets.
The new Isle of Man scheme gives you the flexibility to transfer your UK pension anywhere in the world you may choose.
It also gives you the ability to pass the remaining sum to your beneficiaries, without paying UK taxes, upon your demise
Get a FREE no obligation review of your UK pension fund
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