Pension Transfer: QROPS Guide Thailand


If you are from the UK and you are thinking of moving to Thailand or you are here already, you can take advantage of changes in pension regulations from ‘A-Day’, April 6, 2006. You can now transfer your pension offshore to a tax beneficial jurisdiction such as Guernsey or the Isle of Man with the aid of QROPS specialists. We have listed some of the major benefits of a QROPS pension transfer below:

QROPS (Qualifying Recognised Overseas Pension Scheme) is a scheme in which you can transfer most types of UK pension offshore (e.g. Guernsey) in order to avoid buying an annuity and become tax efficient. It is designed for expats who live abroad and do not intend to return to live in the UK.


For UK Expats or anyone considering living on foreign shores, leaving Pensions in the UK has been a problem both for control and how to take benefits in a tax efficient way. This has now changed. Real advantages are now available with a little planning and advice which gives Pensions the flexibility we would all like.The benefits of moving into a QROPS is that our UK finance specialist here in Bangkok has over 50 years experience (company) in providing financial advice and that we are QROPS specialists.
We have access to the most secure QROPS plans with low charging structures.
Seek advice from one of our specialists today. Our consultation is free of

QROPS MEANS ( Quanlifying Recognised Overseas Pension Schemes) where Uk pensioners can move their pension to Thailand. UK Personal Pension funds can be transferred into QROPS either before the member takes pension benefit or even once they are receiving income from a Pension such as income drawdown currently in payment.


For a UK person to come to Thailand and bring their pension transferred to here they need to get permission from the HM Revenue & Customs in the UK. Yur intention to come to Thailand is to be a non resident of the UK? By removing yor pension from the UK system you avoid the risk of the fund being taxed when changes occur in the future. Therefore you stay on grandfather clauses.


If you leave in the Uk you will be taxed so it makes sense. You receive a tax free payment no over 30% of the fund value when you start. In the first 5 years any increase in payments must be advised to HM Revenueby the trustees but after 5 years you do not have to tell them.he can set up a company to buy into property & the higher the value the more he can invest into the same. Clients can appoint their own managers to assist them.If a client dies then after 5 years you pay no inheritence fee in the UK.



Benefits transferring UK pension to Thailand:

No UK restrictions on the level of income taken at retirement after five full UK tax years. A principle of providing a lifetime income still applies.
• No requirement to buy an annuity at any age.
• On death pass the fund intact to spouse and heirs’ inheritance tax free

These are just some of the unique benefits plus the security and protection of dealing with a UK based and authorised FSA Regulated Independent Financial Advisory firm. Pension and investment values and income arising from them can fall as well as rise.


Australian Superannuation Scheme

If you are from the UK and wish to retire to Australia rather than Thailand or you are a non-UK citizen who has worked and amassed a pension in the UK who wishes to retire in Australia, you can move your pension to an Australian Superannuation Scheme which has been approved by H M Revenue & Customs to accept the transfer of pension funds from the UK.  To gain HMRC approval, the QROPS has agreed to adhere to certain reporting requirements within the first five complete UK tax years after a migrant has left the UK. If your UK pension fund is transferred to an Australian superannuation scheme which does not have QROPS status a tax charge of 40-55% will arise.....'

In the event of your death, the unused balance of your superannuation fund can be paid to your nominated beneficiaries either as a lump sum or pension. If you become disabled your superannuation can either be paid to you as a pension or lump sum and is tax free. If you transfer your UK pension fund to Australia within 6 months of the date you became a tax resident of Australia, or whilst you are still a temporary visa holder, there will be no tax implications.  If you transfer your UK pension fund to Australia after 6 months you will be taxed on any growth in the value of the fund from the date you became a tax resident of Australia.

Our UK pension specialist has been in Bangkok and the owners of the company have 50 years of experience between them. Our UK Manager has been in Thailand for 13 years now and can assist all UK foreigners with pension assistance. Just email us and we will refer your email to our office.



[ Pension Guidelines ] [ Pension Advantages ]



  Usufruct Interest (Sidhi-kep-kin) - gives you temporary ownership rights to structures on or arising from the land. In practice, a usufruct is limited to a 30 year maximum period; like leases, the agreement can be successively renewed. In contrast to a lease, a usufructury interest can be sold or transferred, although it expires upon the death of the holder of the usufruct and therefore cannot be inherited. This is better than a lease which by law can only be for a period of 30 years.

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