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SIPPS, QROPS or QNUPS – what does it all mean & what is right for you?

There have been many scandals involving the mis-selling of pensions over the years. It’s a technical and regulatory minefield. So how do you know what is the right choice for you?

Unity Financial Partners have the professional and technical expertise to guide you through this minefield. We will make you aware of the benefits and risks of each solution so that you can make a fully informed decision.

For some time UK residents have been consolidated existing pension arrangements - including personal pensions & former company pensions - into SIPPS (Self Invested Personal Pension Scheme)

SIPPS have many advantages. A SIPPS allows you to invest into a wide range of investments. You can choose how you want to invest your pension. A SIPPS gives you a great deal of flexibility when it is time to take your pension. You can choose between traditional annuity purchase, pension drawdown or a combination of both and decide on the timing that works best for you.

Is a SIPPS right for me? Here are a few questions to ask:

  • What pensions do I have?
  • What are my pensions worth?
  • Are my pensions performing?
  • Am I paying tax on my pension?
  • What will my pensions be worth when I retire?
  • What will this be in today’s money?
  • How much tax will I pay on my pension when I retire?
  • Can I reduce my tax bill?
  • What will my family get if I die before I retire?
  • Is Inheritance Tax Payable on my pension?
  • What choices do I have?

QROPS (Qualifying Recognised Overseas Pension Schemes) & QNUPS (Qualifying Non UK Pension Schemes) are an increasingly popular alternatives to a SIPPs with British Expatriates.

QROPS & QNUPS can offer substantial advantages depending on your individual circumstances. However there are significant financial risks associated with QROPS & QNUPS that you need to fully understand before making an informed decision.

Is a QROPS or a QNUPS right for me? Here are a few questions to ask:

  • Why am I investing in a QROPS or QNUPS?
  • Why don’t I invest in a SIPPS?
  • What’s the benefit of a QROPS or QNUPS?
  • A SIPPS is tax free, so why pay more for a QROPS or QNUPS?
  • It’s not in the UK, so where is the QROPS or QNUPS located?
  • What is the risk of investing my pension outside the UK?
  • What are they effects of the Eurozone crisis on QROPS or QNUPS?
  • What investor protection do I have with a QROPS or QNUPS?
  • If I change my mind can I transfer my QROPS or QNUPS back to the UK?
  • What are the costs of a QROPS or QNUPS?
  • What are my choices?

You need to be aware of all the facts before you choose the best option for you.

Get in touch with us today and we will help you choose the solution that is right for you.

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Unity Financial Partners Srl is registered with IVASS Reg No: B00035674. Unity Financial Partners is able to passport services throughout the European Union. Unity Financial Partners also facilitates services via a network of affiliated professional partners who are separately registered and regulated in their own right both within The European Union and worldwide. Registered Office: Viale Aventino 80, Rome, 00153. Administration Centre: Via Del Vespro 75, Messina 98122. Partita Iva/VAT Number 11038671001.

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