International SIPP for ex-pats

bigadaj

UK_Pensions_Adviser wrote: »

A SIPP is situated in the UK.

QROPS are usually based in tax efficient countries such as Malta, Gibraltar, Isle of Mann etc - this is not tax efficient for your situation as Switzerland are not in the EEA - thus as you commented, you would incur an immediate 25% tax charge.

By the sounds of it, I will echo what has been said above by other posters, either you have been ill-informed or you have understood incorrectly. Nevertheless, it is wise to obtain accurate information and ensure you understand correctly before making any decisions.

Main benefit of transferring a DC scheme into a SIPP is access to funds, management, ease, potentially maximising growth and control.

KR

If you are posting professionally, as your moniker suggests, you need board permission.


It would also be wise to add a footer with your situation, if you are regulated then your comments could be taken as advice.