Ex-Pat pension

frase_2

I am a UK EX-PAT living in the Cayman Islands.
I left the UK 10 years ago and have a deferred pension from my last job....13 years worth...stuck in the UK.

I want to get that money working better for me.....what are my options as far as transferring it to an offshore fund?

Cook_County

It should be straightforward to transfer to a Cayman Islands pension plan providing you can get it recognised as a QROPS:

http://www.pensionsadvisoryservice.org.uk/pension_rights/overseas_transfers/

frase_2

Thanks for the link.

I checked it out but one of the stipulations to get a scheme qualified is that it must "be subject to taxation".

Well we are tax free ie no direct taxation....so I guess that won't work.
What are my other options?

EdInvestor

frase wrote:

I am a UK EX-PAT living in the Cayman Islands.
I left the UK 10 years ago and have a deferred pension from my last job....13 years worth...stuck in the UK.

Is this a final salary ( defined benefit) pension or a money purchase (defined contribution) pension?

Cook_County

Subject to taxation is fine, the income you earn is subject to taxation but it just so happens there is none.