If you have a UK pension and currently live in Hungary, or intend living in Hungary, and you remain a non-resident of the UK for five years or more, you should consider a QROPS transfer.
Currently there is only one QROPS fund in Hungary leaving very little to choose from, however you would do well to consider moving your UK pension funds to a QROPS in a neutral jurisdiction such as Guernsey or the Isle of Man, giving you greater long-term flexibility.
If you live in Hungary or consider living in Hungary for 5+ years, you can transfer your UK Pension into an HMRC approved scheme in an offshore, tax friendly jurisdiction, such as the Channel Islands. The Benefits Include:
- Tax Efficiency (often 50%+ Tax Saving)
- Wide choice of investment options
- 100% to Nominated Beneficiaries.
Speak to an Offshore QROPS adviser in Hungary
For further information on offshore QROPS transfers while you are in Hungary and to be introduced to an accredited QROPS adviser in Hungary, simply Contact Us and we will introduce you to a QROPS adviser.