Move abroad and take
Move abroad and take your UK pension with you
Prosperity QROPS
The Prosperity Qualifying Recognised Overseas Pension Scheme (QROPS) works for individuals with UK-registered pensions who are living or planning to relocate to Gibraltar. This HMRC-recognized scheme provides unparalleled flexibility and tax advantages, ensuring you make the most of your retirement savings.
If you are a Gibraltar resident and have built up significant savings in a UK registered pension scheme, transferring these to a QROPS could result in a multitude of benefits for you. The scheme is open to non-Gibraltar residents, but care must be taken as certain charges will apply.
Why Choose Prosperity QROPS?
Tax Efficiency
Benefit from Gibraltar's low flat tax rate of 2.5% on pension income, with no UK income tax for non-UK residents that have lived outside the UK for over 10 full UK tax years.
Global Flexibility
Access your pension anywhere in the world without jurisdictional restrictions for EEA residents.
Professional Oversight
Managed by Abacus Pension Trustees Limited, a trusted name in international pension administration.
Key Features
Consolidate Your Pensions
Combine multiple UK-registered pensions into one streamlined QROPS, reducing complexity and administration costs.
Flexible Retirement Options
Access retirement benefits from age 55, with the ability to adjust income levels to suit your lifestyle.
Investment Choice
Choose from a wide range of investment options, including equities, bonds, funds, and commercial property.
Work with your financial advisor to develop a strategy aligned with your risk profile and objectives.
Currency Flexibility
Hold your pension in GBP, Euros, or USD to minimize exchange rate risks while living abroad.
Death Benefits
Ensure your wealth is preserved for your loved ones with no Gibraltar tax on lump sum death benefits, regardless of age.
Transparent Costs
Clear and upfront pricing ensures you know all fees before transferring your UK pensions into the scheme.
Who is Eligible for a Gibraltar QROPS ?
-
Expatriates: Individuals with UK registered pensions that have relocated to Gibraltar - or plan to move—and want to consolidate or manage their pension under a more flexible or favourable tax jurisdiction.
-
High Net-Worth Individuals: Those nearing the UK Lifetime Allowance threshold.
-
Global Residents: Those planning to retire abroad and seeking a tax-efficient pension solution.
Benefits of Gibraltar as a QROPS Jurisdiction
Gibraltar is one of the leading QROPS jurisdictions, offering a stable financial environment, strong regulatory oversight, and a simple flat tax rate. With its EU-recognized standards and proximity to mainland Europe, Gibraltar is an ideal location for pension administration.
Why Partner with Abacus?
At Abacus Pension Trustees Limited, we combine proven pension administration expertise with genuine care for your financial well-being. From seamless pension transfers to ongoing support, our commitment is to help you confidently reach your retirement goals.