Financial Advice - Throughout Spain

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DO YOU NEED MONEY NOW

DO YOU NEED MONEY NOW

We understand that times are tough in Spain and the UK at the moment and that people need cash NOW to sort out their personal lives. We are told every time we speak to clients “I would rather have my money now rather than wait until I retire” we completely sympathise and understand these feelings.

We now have several options to help you release money NOW from their pension fund, up to 75% regardless of age. It is a very simple process and takes only a short time to release your cash.

No matter how small or large your pension fund is even the smallest amount of money now could help in these difficult times.

To find out how much you could receive from your pension then complete the contact form below and one of our advisors will contact you for an initial chat and explain how the process.

If you had just £10,000 in your fund you could get £7,500 of this NOW £50,000 would give you £37,500 cash within a very sort period of time

You are under no obligation to proceed and there is no fee payable upfront. Why delay contact us today."

PENSION TRANSFERS VIA QROPS

You have been eligible to transfer your whole UK pension fund as a lump sum since April 2006. So, if you have a fund of £50 this amount can be transferred to your Spanish bank account. This only applies to Personal or Occupational pensions NOT THE STATE OLD AGE PENSION.

Please fill in a rough idea of your requirements or a question, below and I will get back to you.

The British Government passed legislation in April 2006 that any British person living outside the UK, or is who intending to, is eligible to transfer their UK pension to a QROPS (Qualifying Recognized Overseas Pension Scheme) providing they are between 18 and 75.

More recent legislation, coming into force in April 2012, states that you must have been outside the UK for five full tax years and be over 55 years of age before you may receive any benefits, 30% tax free and a tax free income. However those below age 55 may still transfer to a QROPS and may take their benefits when 55.

The benefits of QROPS are numerous but tax efficiency is very high on the list. It is now possible to gain a TAX FREE income from your QROPS! Another huge benefit, especially for those under 55, is that in addition to receiving 30% at 55 you may also have 100% of the growth the fund has made, i.e. 100k transferred, tax free cash 30k, fund growth 50k = 80k tax free at 55 plus a tax free income. No uk pension provider can offer this!

If you were to contact your UK pension company they would tell you that you may not take the benefits prior to your selected retirement age or age 55 this is 100% correct if you are a UK resident. However as an Ex-pat you may under the existing and newer legislation.

As an ex-pat living in Europe, or further afield, you come under the rules for QROPS (see above) not UK rulings.

The process takes approximately 12 weeks and there is no obligation to proceed.

If you are an ex-pat, irrespective of Nationality, and you have a frozen pension in the UK you qualify under the rulings of HMRC (Her Majesties Revenue & Customs).

If you have already transferred your UK pension to QROPS it may be possible to transfer it and receive your income tax free.

Contact this service by filling in the form below
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