subject: Advantages Of Qrops Duba [print this page] People from Britain love to retire in DubaiPeople from Britain love to retire in Dubai. Dubai is such a wonderful country with an international community and this together with a good tax system means that you will not have to worry about your retirement life there. If you have chosen to retire in Dubai, have you decided what you are going to do about your pension fund? If you choose to do nothing and leave it in the UK, you will end up giving some of it to the taxman. This is where QROPS Dubai comes into play. There are several advantages of QROPS Dubai for those looking to retire in Dubai with their UK pension funds.
Many of the issues that you might face with QROPS for several countries are not found in QROPS Dubai. Dubai is just the perfect place to transfer your pension through QROPS and enjoy the tax benefits of both UK and Dubai. In fact, you could transfer your pension funds with any low tax regime as long as you are retiring in Dubai. Since the process involves two countries, much legality, laws, and procedures, QROPS advice from a reputed financial professional is essential for successful transfer of funds.
In the UAE you will find many financial advisors to help with QROPS Dubai and some might have even contacted you in order to give you information on the many different investment options available for you. Some of the rules that surround the QROPS Dubai are a bit confusing and complicated. If you are using someone to help you with your investment but that person has no connection to the UK, it might be risky on your part to do so. As it is, many overseas investments can be difficult but when it comes to pensions, they are in a category of their own.
When you are deciding about your QROPS Dubai, you should make sure that you are consulting with a reliable investment consultant. If for some reason you get any of it wrong, you might just end up paying a lot more money than you bargained for. There are also some liabilities for any penalties that you might incur as well. On the other side, if you have a good QROPS Dubai advisor, who also has an understanding of the HMRCs rules and regulations, you should have no problems in getting your pension all sorted out. Pick an authorized provider from the list of overseas providers maintained by the HMRC.
