QROPS advice in Singapore is of immense importance in your decision-making process regarding your Singapore QROPS schemes. So, get a trained, qualified and experienced adviser to help you out.
QROPS advice is availed when you seek financial guidance from a well-qualified professional in order to secure your future by investing in the right QROPS plan. QROPS is a scheme of pension for members of UK Pension Schemes. It offers far-reaching and extensive tax planning opportunities.
QROPS stands for Qualifying Recognized Overseas Pensions Scheme. It is open to you even if you are a foreign national provided you have worked in the UK and you have assembled a UK pension fund. So, it is not necessary that you must be a citizen of the UK to reap the benefits of QROPS. You should have the inclination to retire permanently overseas. Many legal procedures are involved, and definite imperatives need to be followed to make the most of this scheme. Therefore, hunt for a good and experienced advisor and get his assistance. A professional with the essential qualification, ability and proficiency will accomplish a market research, study your financial condition and evaluate your needs. Then, after a careful analysis, he would suggest the best scheme for you. QROPS advice related to investment could be of four kinds:
1.Independent: Here the help of an expert is sought independently. He helps you and charges you for his service. This option is by far the best.
- Multi-tied: In this case, advisors advocate the use of products from a limited group of providers. Thus, the scope becomes narrow.
3.Tied: The advisor would suggest your product from a single provider.
4.Regulated: See an advisor regulated by the Financial Services Authority in the UK. QROPS advice can also be taken from any authorized organization, controlled and supported by the Financial Services Authority. This would help you to have admittance to Government-backed complaints.
Moreover, in an age of internet, a simple click of the mouse can get you loads of additional information. But always be careful not to land up in some website that provides you with backdated details or articles written by some ill-informed person.