QROPS in Singapore

Singapore offers a great lifestyle for British expat retirees, but requires investment into the Singapore economy of at least SGD$1,000,000.

Make the most of your retirement with a QROPS

If you are a retiree living in Singapore with a British private pension, a QROPS can help your money go much further than keeping it in the UK.

When you live in Singapore for more than five years, there are numerous benefits to transferring your pension into a QROPS.

As a British expat living in Singapore, a QROPS arranged through STM allows you to:

Receive your pension income into your Singapore bank account in local currency, making you less vulnerable to currency fluctuations
Avoid paying UK tax on the fund
Benefit from maximum income tax rates of 20%
Choose the jurisdiction where your QROPS is held, to find the one that suits you best
Deal with a local adviser in Singapore, making it easy to manage your account
Avoid UK inheritance tax
Pass the fund on to your beneficiaries upon death

As long as you plan to live in Singapore for more than five years and have over £100,000 to invest, then a QROPS is an excellent solution.

You will avoid UK paying tax and pay tax at rates varying from 0% up to 20% on income over SGD $320,000.

Singapore does not currently offer QROPS, having been taken off the HMRC approved QROPS jurisdictions list in 2008, with no reason being specified.

Please contact STM QROPS for a no-obligation discussion to find out more about the advantages of a QROPS in Singapore.