QROPS was first introduced in 2006 and it has been a welcome relief for many old age pensioners who wanted to live their retirement in the sun. Qualifying Recognized Overseas Pension Schemes is another term that you may hear QROPS referred to as. QROPS pension scheme can be used by any UK citizen who wants to live abroad when reaching retirement age. Uk pensioners often develop a desire to emigrate to another land when they retire. The cost of living and inferior weather in the UK are the main reasons but previously old age pensioners were paying high costs to move their pension abroad.
QROPS Pension scheme was aimed at helping pensioners without them incurring great administration fees. The QROPS pensions schemes are recognized by the Uk government. If you want to retire to sun, sand and ocean then it is worth while obtaining more information on the scheme. Married couples can take advantage of the extraordinary rates and advantages that they will receive when signing up. The QROPS pension scheme has been a relief for many UK pensioners, and because travel is now easier than ever before, more and more people are opting to take advantage of QROPS so they too, can live in the sun.