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Schreiber Associates International


UK Pensions have traditionally been tied up in many layers of restriction & regulation; in part to protect the tax revenues of the UK by taxing income from annuities and then taking any residual value on death, and in part to stop pensioners spending all their money in the first 5-10 years of retirement and then relying on the state.

The good news is that for those of us living overseas or about to move to a new life abroad, some of the restrictions have now been lifted. In April 2006 it was announced that British expatriates could move their pension benefits to a QROPS with the UK revenues approval.