QROPS in UAE
The United Arab Emirates (UAE), and Dubai in particular, is becoming an increasingly popular destination for British expat retirees.
With a hot climate, a zero personal income tax rate and the ongoing development of luxury accommodation and facilities, it ticks many of the boxes expats look for in retirement.
Make the most of your retirement with a QROPS
If you are a retiree living in UAE with a British private pension, a QROPS can help your money go much further than keeping it in the UK.
When you live in UAE for more than five years, there are numerous benefits to transferring your pension into a QROPS.
Advantages of a QROPS in UAE
As a British expat living in UAE, a QROPS arranged through STM allows you to:
- Receive your pension income into your UAE bank account in local currency, making you less vulnerable to currency fluctuations
- Avoid paying UK tax on the fund
- Benefit from zero income tax rates
- Choose the jurisdiction where your QROPS is held, to find the one that suits you best
- Deal with a local adviser in UAE, making it easy to manage your account
- Avoid UK inheritance tax
- Pass the fund on to your beneficiaries upon death
Is a QROPS right for me?
As long as you plan to live in UAE for more than five years and have over £100,000 to invest, then a QROPS is an excellent solution.
You will avoid paying UK tax, and pay no income tax in UAE, offering great potential savings.
Find out more about QROPS in UAE
Please contact STM QROPS for a no-obligation discussion to find out more about the advantages of a QROPS in UAE.