Originally published in Communiqué –
the Bachmann Group newsletter, February 2010
Martyn Russell, Director at Bachmann Group, takes us
through Qualifying Recognised Overseas Pension
Schemes.
According to Philip Beresford, the compiler of the Sunday Times
Rich List, entrepreneurs and business professionals are leaving the
UK at the rate of 10 a week. Whilst these individuals may be
fleeing the UK to escape ever increasing taxes and restrictions
with their pensions, the concept of moving aboard is becoming more
and more attractive to many. No doubt the recent British winter may
also be a factor for those contemplating a move abroad.
As a result of changes in the UK pension legislation, which were
implemented by the UK Finance Act 2004 and activated on
"A" Day in April 2006, expatriates are no longer
restricted by the confines of the UK pension legislation and are
now able to have their pension arrangements transferred to overseas
arrangements, provided that
