Guest blog: Pension alternatives, QROPS or SIPP – post Budget 2014

Guest Blog AJ Bell 150pxWhilst considering the pensions announcements in the Budget my thoughts turned (amongst other things) to Qualifying Overseas Pension Schemes, or QROPS. In the new regime, why would anyone want a QROPS rather than a SIPP (Self-Invested Personal Pension)? It goes without saying that this article assumes that the individuals concerned are outside the UK or are intending to leave the UK. Well let’s get the obvious ones out of the way first – if there is any requirement or ability to get tax relief and/or pay ongoing contributions, ...