Momentum's Plus QROPS is available for transfers or investments of over £100,000 in value and adds some additional layers of choice, flexibility and sophistication to your options.
Generally, a QROPS solution can offer many benefits.
Here are some key considerations:
Momentum's QROPS products are available through Malta, Gibraltar and the Isle of Man where some local variations may apply.
Your retirement benefits may be drawn at any time between the ages of 55 and 75.
You can withdraw up to 30% of the accumulated fund, when benefits have started as a pension commencement lump sum.
(PCLS) Pension Commencement Lump Sums are paid free of tax across all jurisdictions.
Across our QROPS jurisdictions there is an extensive network of Double Tax Treaties, which allows income to be paid gross, where an effective treaty is in place.
Malta leads the way with the number of treaties.
Flexible drawdown options.
The option to rebase the currency of the scheme to that of the residence of the member.
No lifetime allowance cap in place once you transfer to a QROPS.
The ability to pass 100% of your residual pension assets to your beneficiaries on death.
Free transfers to any other Momentum QROPS or SIPP product should client circumstances change.