Island Financial Solutions

"Aligning the power of your money
with the direction of your values"

 

Call: +44 1624 614618

Fax: +44 1624 614818

4th Floor, Hillary House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ

UK Pension Funds

Whether you have moved to the Isle of Man or further afield, there are several reasons why it may be worth relocating your pension fund; with domicile and taxation issues being the most common.

We have pre-approved, simple and low cost options available to anyone looking to bring an existing pension fund out of the UK.

All the options we advise on are classed as Qualifying Recognised Overseas Pension Schemes (QROPS), which means that receiving pension arrangements are already approved by both the UK and Isle of Man / Guernsey Pension authorities, so no additional permissions are needed to relocate funds.

We can advise on and implement no cost transfers to simple personal pension plans, for those that are looking for the easiest way to move funds, or we can talk to you about establishing a Self Invested Personal Pension (SIPP), which may cost slightly more, but will bring you greater flexibility in how you can invest your fund and how you can take your benefits. The main feature of a SIPP is that you never need to buy an annuity and that your fund can be protected upon your death.

The advantages in relocating your pension fund can include:

Click here to see how we can help

All our advice is free and without any obligation, so why not contact us to see what we can do for you?

Tuesday 18th June, 2019

Heathrow reveals expansion 'masterplan'

Plans for a third runway, as well as new terminals to be built in phases, go out to public consultation.

Facebook reveals digital currency details

Users will be able make payments with the currency via Facebook's apps and WhatsApp.

Government workers strike: It's a struggle to make ends meet

Outsourced catering and security staff at the government's business department want the London living wage.

KFC's vegan burger: Could it wean you off chicken?

The fried chicken firm is the latest fast food chain to join the vegan bandwagon, with mixed results.

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