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Cross border court ordered pension sharing service

Cross border court ordered pension sharing service

Cross Border Financial Planning is experienced in helping both private clients and matrimonial law professionals with the sharing of pensions when instructed by court order. Where we specialise is when the beneficiary is non-UK resident and therefore needs pension planning advice on how to create either a UK based pension or overseas / QROPS (Qualifying Recognised Overseas Pension Scheme) to receive the funds.

Nearly all UK pension providers will not allow a non-UK resident to create a pension. At Cross Border Financial Planning we offer UK pension and overseas / QROPS solutions.

The decision in which country the pension is created is based on the following factors such as the beneficiary’s country of residence, where their tax liability lies and what their retirement plans are for the future. Should an overseas scheme or QROPS be appropriate, we can provide the advice that is required to access one.

Our pension sharing solutions will often allow flexibility on how the beneficiary mitigates currency risk. For example, they may live in the USA and will be spending US Dollars in retirement. Through a UK pension scheme (QROPS are very tax inefficient for a US resident) we can offer investment strategies where the beneficiary can move from GBP to US Dollar within the pension at an advantageous time for them. We also offer pension investment solutions denominated in Euros.

At Cross Border Financial Planning we offer an initial meeting or telephone conversation at no cost or obligation to ascertain if we can be of assistance with your court ordered pension sharing planning.

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