Page 67 - Costa Live Magazine - 3 - 2018
P. 67

Brexit and pension transfers.
A window of opportunity?
Last year the UK began to impose a 25%
tax on transfers to overseas pension schemes, including QROPS.  is currently excludes individuals and QROPS where both are resident in a European Economic Area (including Gibraltar) country, but who knows what will happen after Brexit? If you wish to move your pension overseas, it may be better to do so now, under known rules, rather than wait and see what happens. Pension transfers can take months, so don’t risk leaving it too late.
Talk to the people who know
674 225 132
Blevins Franks Financial Management Limited (BFFM) is authorised and regulated by the Financial Conduct Authority in the UK, reference number 179731. Where advice is provided outside the UK, via the Insurance Mediation Directive from Malta, the regulatory system differs in some respects from that of the UK. Blevins Franks Trustees Limited is authorised and regulated by the Malta Financial Services Authority for the administration of trusts and companies. Blevins Franks Tax Limited provides taxation advice; its advisers are fully quali ed tax specialists. This promotion has been approved and issued by BFFM.

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