QROPS UK pension transfer.
Most people in the US have not heard of QROPS (Qualifying registered overseas pension scheme.) Since 2006 UK non residents have been able to transfer their UK pensions to a jurisdiction of their choice. Affording them reduced tax rates, higher returns, higher pension income, and many other benefits. However this has not been the case for US residents. But this all changed in 2010. Some QROPS providers realised that they were missing out on a vast potential market, and have built QROPS trusts from the ground up that are IRS friendly. These QROPS trusts are based outside of the USA and were put together in consultation with the IRS. Allowing them to comply with all current regulation and reporting. Importantly they also comply with the proposed Foreign Account Tax Compliance Act (FATCA). This is a potentially massive market in the US.
For more information how you can share in some of this go here: http://www.pension-transfers-qrops.com/usa.html
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