There are now hundreds of different QROPS providers operating in various jurisdictions throughout the world.  Costs depend on several factors such as; pension fund size, individual circumstances, nature of the benefits, the jurisdiction, and the type of QROPS chosen.

Costs should not be a major determining factor when purchasing a QROPS.  Let us put this into perspective; if by transferring into a QROPS saves you 25% in income tax and the ability to transfer the unspent pension asset 100% to your children, how much would you be willing to pay?

As an example; it is wise to invest in the currency that you will be spending the money in.  Therefore, if you are going to live in Europe and spend your money there, it is advisable to invest in Euros and transfer your pension into a QROPS.  This will then remove 2 major risks which are currency fluctuations and the worry of leaving your pension in sterling and hoping the exchange rate will improve.

With the current economic turmoil it has made the option to transfer your pension into a QROPS more popular than ever simply because of the many benefits to be gained by transferring into a QROPS, this is mainly due to the first time in years that we have been exposed to such massive currency swings between the British Pound and the Euro, if you had moved your pension into a Euro based QROPS then the currency element would not have affected you.

How fees are charged

The fees are deducted from your QROPS provider once the funds have been transferred, rather than you having to pay any transfer fees upfront.

AMASS does not have access to your pension funds either before, during or after the transfer.