Wednesday 7 December 2011

Armed Forces Pension. QROPS Pension Transfer to Avoid Paying UK Taxes

Armed Forces Pension. QROPS Pension Transfer to Avoid Paying UK Taxes
If you no longer live in the UK and you are non-resident for tax purposes and are in the Armed Forces Pension Scheme (AFPS) then you can transfer your pension into a Qualifying Recognized Overseas Pension Scheme (QROPS) in order to avoid paying taxes on your pension in the UK.

If you spend less than 91 days a year in the UK, you are considered a non-resident and can apply for a QROPS pension transfer. This means members of the Armed Forces PensionScheme (AFPS) no longer need to pay any more UK taxes.

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armed forces pension

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