If you are living overseas and left your pension behind you can now transfer your benefits into an offshore scheme with the approval of the Spain Government.
Under new rules a British expatriate can relocate their Spain pension plan into an overseas scheme, called Qualifying Recognised Overseas Pension Schemes (QROPS).
QROPS enable you to:
- Consolidate your pension rights
- Reduce your exposure to Spain income tax & Inheritance Tax
- Invest into your own scheme without tax penalties
- Control over how & where your money is invested
- Have access to your pension fund(s) tax-free
- No requirement to buy an Annuity
Additional benefits include:
- Simplification & control over your pension benefits
- Flexibilty
Click here to request a free pension transfer analysis - without obligation Learn more about QROPS in our free pension transfer guide