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Isle of Man QROPS – Are They the Best?

Isle of Man QROPS – Are They the Best?

With so many countries offering QROPS as investment options, it can be hard to decide which way to turn for the best. While the right choice for investors can be influenced by many different criteria and benefits, the Isle of Man has a reputation for quality of service, transparency and sincerity.

Wherever you decide to source your QROPS, the Isle of Man is well worth looking at for its consistency in performance and dependability. This offshore tax haven is economically stable and extends its low tax culture to all, whether resident or non-resident.

Isle of Man QROPS and 50C Pension Benefits

In 2010, the Isle of Man government and financial bodies decided change was needed to deter from the potential manipulation of QROPS rules and offer clear benefits to those investing their pensions in this jurisdiction. In October, they reintroduced their QROPS alongside new 50c regulations; the effect of this shake-up means gross payment of benefits and pension plans, plus a larger proportion of QROPS funds being made available as a tax free drawdown – up to 80% of the value. Isle of Man QROPS members also benefit from no capital gains or inheritance tax and low income tax rates.

Getting Advice for QROPS in the Isle of Man

When planning for your retirement, you want peace of mind that your investments are safe, accessible and working for you with the best results possible. To ensure that this is so, you should always seek advice from regulated and knowledgeable financial professionals. If you have a questions about Isle of Man QROPS or any other investment options, please feel free to get in touch with us today – we have a team of expert advisers who are always on hand and happy to help.

Read our QROPS FAQs or download our free QROPS advice

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