Prosperity IM

Nobody tells you this when you leave the UK ➡️

Your pension doesn’t just wait for you.

When you move abroad, three things change – and most people only find out once the damage is done.

1. Tax 💷
Depending on where you live, your pension income can be taxed more heavily than almost any other income you receive.

2. Currency 💲
Your pension pays out in GBP. If you are living and spending in euros, dirhams or dollars, that creates a real and ongoing financial loss.

3. Access ⛔️
The rules around when and how you can draw from your pension can change entirely based on your country of residence.

There is an option most expats never hear about: a QROPS (Qualifying Recognised Overseas Pension Scheme). A legal way to transfer your UK pension to an overseas scheme that actually works for your life abroad.

It is not right for everyone. But if you have a UK pension and you do not live in the UK, it is worth understanding whether it applies to you.