A QROPS is a Qualified Recognized Overseas Pension Scheme and the ONLY vehicle for which a UK Pension can be transferred into Canada. As of writing this, only ONE company in Canada has been approved by the UK Government as able to open and maintain QROPS accounts. This is a big deal if you already living in Canada or considering moving here and want to access your UK Pension!
- Consolidate your investments into your home country
- Lock in the exchange rate of your pension assets
- Known income stream and potential for higher income
- Flexibility as the funds are within a regular RRSP and not locked in
- Greater investment choices
- Ease of Estate administration
We’ve dedicated an entire page to QROPS’. Read it all here.
Any questions, please call or email Julie.