Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?

Woohoo, another Brexit story. Hold me back, you say.

However, I have seen a number of articles recently extolling Brexit as a bona fide reason for transferring a UK pension to a QROPS (Qualifying Recognized Overseas Pension Scheme) and I wanted to try and separate some of the fact from the fiction.

In no particular order, here are 3 of the main justifications that I have seen: Continue reading “Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?”

Should you access your pension tax free cash?

Today’s question is ‘should you access the tax free part of your pension fund?’

A few caveats to begin with.

Firstly, tax free cash (TFC) can also be known as a pension commencement lump sum (PCLS). I generally prefer the second term as the payment may not actually be tax free. Continue reading “Should you access your pension tax free cash?”