If you have a UK pension and currently live in Malaysia, or intend living in Malaysia, and you remain a non-resident of the UK for five years or more, you should consider a QROPS transfer.
Currently there in only one QROPS funds in Malaysia. You should rather consider moving your UK pension funds to a QROPS in a neutral jurisdiction such as Guernsey or the Isle of Man, giving you more options and greater long-term flexibility.
If you live in Malaysia or consider living in Malaysia 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 Malaysia
For further information on offshore QROPS transfers while you are in Malaysia and to be introduced to an accredited QROPS adviser in Malaysia, simply Contact Us and we will introduce you to a QROPS adviser.