The Praxis Qualifying Recognised Overseas Pension Scheme (Praxis QROPS) is an HMRC approved overseas pension scheme. It provides non-UK residents or those leaving the UK with the opportunity to transfer their accrued UK pension benefits to a scheme offering:

  • Flexible retirement benefits with no requirement to purchase an annuity.
  • Tax efficiency; benefits are paid gross to non-Guernsey resident members.
  • Flexible methods and levels of benefit payments. 
  • Multi-currency options; pension funds can be denominated in currencies other than Sterling.
  • Portability; individuals who have left the UK may reside in several different locations while their pension scheme remains located in a single tax-efficient jurisdiction.
  • Open architecture for investments. The Scheme operates completely independently of all investment managers.
  • Totally transparent fee structure.

Praxis is an independently-owned group of companies. Our team of professionals have the experience, expertise, technical knowledge and skill required to administer complex and diverse investment portfolios. The Group has no ties or loyalties to any investment managers and can select any investment management house to manage a portfolio.

More information about the benefits of the Praxis QROPS

Frequently Asked Questions

Key Features

Application Form

HMRC Approval

Guernsey Approval

 

PRAXIS QROPS

The Praxis Qualifying Recognised Overseas Pension Scheme (Praxis QROPS) is an HMRC approved overseas pension scheme. It provides non-UK residents or those leaving the UK with the opportunity to transfer their accrued UK pension benefits to a scheme offering:

  • Flexible retirement benefits with no requirement to purchase an annuity.
  • Tax efficiency; benefits are paid gross to non-Guernsey resident members.
  • Flexible methods and levels of benefit payments. 
  • Multi-currency options; pension funds can be denominated in currencies other than Sterling.
  • Portability; individuals who have left the UK may reside in several different locations while their pension scheme remains located in a single tax-efficient jurisdiction.
  • Open architecture for investments. The Scheme operates completely independently of all investment managers.
  • Totally transparent fee structure.

Praxis is an independently-owned group of companies. Our team of professionals have the experience, expertise, technical knowledge and skill required to administer complex and diverse investment portfolios. The Group has no ties or loyalties to any investment managers and can select any investment management house to manage a portfolio.

More information about the benefits of the Praxis QROPS

Frequently Asked Questions

Key Features

Application Form

HMRC Approval

Guernsey Approval

 

WHO TO CONTACT
David Hearse BSc
Deputy Managing Director

David Piesing FCIS
Director - Head of Wealth Structuring

Jeff Wilkes-Green Cert Ed TEP FCCA
Client Relationship Director

Anna Rhydwen-Jones Dip Law BSc (Hons)
Senior Client Relationship Manager

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