"CII G60 qualified advice. Our lowest cost promise, and a cash rebate. Contact us today to find out why we are the fastest growing provider of QROPS solutions."
The only IFA offering QROPS transfers at discounted rates with cash rebates.
Given our company's expertise in UK pension transfers it was only natural that we became involved in the Qualifying Recognised Overseas Pension Scheme transfer market at a very early stage. We have now seen this grow and develop from a purely face to face meeting model, to the highly sophisticated web based solutions we now offer today.
Waterstone Investment Associates is the only company solely dedicated to QROPS pension transfers. Offering low cost simple solutions for low transfer values, to sophisticated solutions for clients with complex requirements but on discounted rates.
The company is the conduit for both UK pension transfer clients and professional advisers to access the best solutions at the lowest cost.
QROPS is a highly complicated and technical element of pension planning. It needs to be undertaken with great care. A QROPS transfer requires a great wealth of experience and expertise on the part of any financial adviser. Given this we understand that not all advisers will be in a position or will wish to undertake this task. This is why we created our simple professional referral process.
No matter where you are, whether you are an IFA in the UK, USA or anywhere else in the world. Or if you are simply the owner of a financial web site, which receives enquiries about QROPS transfers. We can work with you. Providing your client with the best possible solution at the lowest cost.
Why turn clients away, when a simple solution is only a click away.
Contact click here
Waterstone Investment Associates is a global financial services provider, specialising in QROPS transfers. The company continues to be at the forefront of development and change, and was the first company to bring QROPS transfers to the USA resident market. It continues to work with QROPS trustees to bring additional solutions to the market.
This combined with its commitment to client satisfaction, has seen the company’s share of the QROPS advice and support services market continue to increase quarter on quarter. Specialising in pension transfers, and personal portfolio management. With a client base that now covers more than 50 countries.
Truly independent, with access to all QROPS providers in all jurisdictions. Having built extensive relationships with the most highly respected financial institutions in the industry the company is ideally placed to offer clients the highest quality solutions.
Among the company's strengths that distinguish Waterstone Investment Associates from it's competitors are:
• In-house expertise, 20 years experience in pension transfers.
• Adviser qualifications, all QROPS advisers are CII G60 qualified.
• Commitment to long term professional development. All advisers are members of
PFS.
• Technological research and development, both in front office and back office
systems.
• Proven and experienced management team.
By continuing to develop its consulting and portfolio management services, combined with a highly respected reputation within the industry, the company aims to be the number one provider of support services to QROPS transfer clients.
There are basically three structures available:
1. Managed QROPS. This usually offers a single Fund Manager. Quite often the norm being in house managed funds. This may range from four to as many as a hundred funds.
2. Professionally Managed QROPS. Offering a far wider range of Funds, from several hundred to as many as a thousand. This will however be a selection approved by the QROPS provider.
3. An Open Architecture QROPS . This structure allows within reason the choice from any Fund Management group. Also allowing for virtually any asset to be held within the structure, including Gold, alternative investments, and Private Company Shares.
Structure 1. This is adequate for a small to medium transfer value. It is possible to secure transfers from as little as £25,000. However at this transfer value, it is difficult to find a QROPS provider at a realistic pricing structure.*
Structure 2. This is ideally suited to a medium size transfer. It is possible to secure transfers from as little as £50,000.
Structure 3. This is the ultimate solution, given the flexibility, and additional potential from the structure. Normally you will need a minimum transfer value of £100,000, to enable a transfer to this particular structure. However we have secured access to Open architecture providers at preferential cost form as little as a £52,000 transfer value.
If you can gain access to The Open Architecture structure at a favourable charging structure, this will always allow for the greatest potential return on your investment. This is where your choice of advisor is very important. As a truly independent advisor we are able to gain access to the best structure for your QROPS transfer, only limited by negotiation on charges. I f you are considering transferring your UK pensions to a QROPS, make sure you get the best possible solution for your transfer. If you know where to look there are some very good deals out there.
We not only know where to look, but also negotiate lower charges on your behalf
QROPS TVA (Transfer Value Analysis)
What is a QROPS TVA report and why you need one.
A TVA is a report used to compare a UK pension scheme whether final salary or money purchase, with a proposed QROPS transfer. Importantly it uses information supplied by your existing UK pension scheme including its costing structure. This is then directly compared to the proposed QROPS costing structure. It provides a projection of what the QROPS could produce as a fund value at your retirement date.
The report will also produce a figure known as the critical yield. This is important as it shows the rate of annual growth required from the investments (net of charges) for the QROPS to achieve the same fund value as your current pension scheme.
A QROPS TVA is crucial in the decision process. Without one neither you nor your adviser can quantify the effect of the QROPS charging structure. On completion of the QROPS TVA both you and your IFA will have a clear picture of your proposed QROPS transfer in financial terms as compared to your existing scheme.
Only a UK qualified Chartered Insurance Institute G60 or equivalent qualified adviser is authorised by the FSA to advise on a defined benefit pension scheme transfer to a QROPS.
It is a regulatory requirement if advised by a UK IFA, on your QROPS transfer.
There are very good IFAs out there who specialise in QROPS transfers, but you need to be able to pick them out from the unauthorised salesmen. Who have never had any formal training in pension transfers, which given the complexity of changing UK pension legislation, and the fact that you now live in another tax jurisdiction, is absolutely vital to ensure that your QROPS transfer is undertaken correctly.
A CII G60 accredited adviser is someone who has been an adviser for more than five years. Has over time sat a minimum of six FSA regulated Financial Planning exams including some at advanced level. G60 is an advanced qualification in its own right. And indicates that your adviser is recognised by the FSA as having the required knowledge and skill in practice to advise on a UK pension transfer. It is also recognised by QROPS trustees as the preferred introducer of a QROPS transfer.
Waterstone Investment Associates is a leading independent financial advisory group. Due to our size and global reach, we have negotiated preferential charging structures from most QROPS pension providers. We also work closely with QROPS providers to create new solutions to meet market demand. With the lowest fee structures possible.
This means that we can offer you a QROPS pension solution at much lower cost than any other IFA.
QROPS Unique Features
Here are some of our industry leading QROPS pension features that are available:
* Custom Built QROPS Solutions - For larger transfer requiring unique features.
* Private Banking - Solution to allow your private banker to manage your funds direct.
* Self Invest/Manage - Solution allowing for the QROPS member to self invest
manage their funds.
* Can pool your existing UK pensions into one QROPS pension.
* Can offer a cost effective QROPS pension for USA residents and nationals.
We are able to offer discounted fee structures and cash rebates.
Contact us for details.
All our fees are covered by the QROPS solution providers.
Waterstone Investment Associates offers these summarised solutions:
QROPS & Investment Advice
Individuals who require QROPS advice and want expert pension investment guidance.
QROPS & Self Invest
Individuals who require QROPS advice and have a financial adviser or want to self invest.
QROPS for Financial Advisers.
Financial advisers & firms wanting to offer the best QROPS solution to their clients.
The minimum transfer value is £52,000
This can however be made up of one or more UK pension transfers.
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IRS compliant QROPS solutions that meet all IRS reporting requirements, including the proposed FATCA 2013.
Where other IFA,s will tell you this is a very complex and difficult area. We offer simple working solutions. We helped put the first IRS recognised solution together and are now into our third year of specialising in this market.
If your circumstances or the size of your QROPS transfer requires specialist tax advice. We are pleased to be able to introduce you to a UK/US tax lawyer, so you can rest assured that you do your QROPS transfer correctly.
Discounted fee packages with initial QROPS fee rebated back to you in cash to the Bank of your choice.
Cash rebate.
It is our aim to be the number one provider of QROPS solutions. To attain this we are offering our clients access to the top providers of QROPS solutions at discounted rates. However the QROPS providers will only reduce their charges so far. So in order to reduce your costs even further we also rebate a large part of our payment from them back to you.
On completion of your QROPS transfer we will send a payment of up to £3,000 or currency equivalent to a bank account of your choice.
We know of no other company that can match this. In fact we are so confident that we are able to offer the lowest costing QROPS transfer solutions possible, that if you send us a genuine quote we guarantee to beat it.
Couple this with advice from UK CII G60 qualified advisers, and a full transfer value analysis TVA undertaken free of charge. You can see why we are the number one choice for QROPS transfers.
To contact us now click here.
19/02/2012
Guernsey meets new HMRC rules.
The Jurisdiction of Guernsey safeguards it’s position as a safe haven for QROPS transfers after a change its pension legislation to allow pension payments to be taken by resident and non resident members fee of income tax.
This meets the new QROPS rules to be applied by HMRC from 6th April this year.
HMRC publishes the Latest QROPS Scheme list.
13th October 2011
This is a list of Qualifying Recognised Overseas Pension Schemes (QROPS) that have consented to have their details published – not all QROPS will necessarily feature within it.
It is not to be taken as a recommendation for a particular scheme or product.
This list is based on information provided to HMRC by these schemes when applying to be a QROPS. As part of its application the scheme notifies HMRC that it fulfils the requirements for being a “recognised overseas pension scheme”. Publication on the list should not be seen as confirmation by HMRC that it has verified all the information supplied by the scheme in its application. A copy can be found here: HMRC
HMRC publishes the long awaited Statutory definition of tax residence.
Although sill in the consultation stage the publish document now outlines what on face value is a far more robust test of UK tax residency. The current test of residency or lack of it as was seen by some, left tax residency open to interpretation, rather than having a fully defined test. This allowed some people to push the boundaries. Notably the Robert Gaines-Cooper case brought this to public attention when he was judged a UK resident for tax in 2010, when in fact he had left the UK in 1985, and had claimed to be non resident since that date.
Anyone living abroad and who regularly visits the UK needs to read this document.
15th June 2011
Waterstone Investment Associates are pleased to announce that given the success of their cash back offer, in the medium to long term it is here to stay. Furthermore given the increasing number and size of the value of the transfers we are dealing with, the highest level of cash back has now been increased to £3,000. 15/10/2011
European Court of Justice ruling will push up cost of motor insurance. It will also push up the cost of Pension Annuities.
1 March 2011
The European Court of Justice ruling which will come into effect on 21st December 2012. Will force insurers to use the same rates for men and women. As women live longer than men insurers will have to equalise annuity rates. This will mean that the unisex rate will be significantly worse than the current rates for men.
Market volatility increases QROPS transfers. 01/11/2011
With markets now into the fourth year of volatility, and the Euro zone on the brink of collapse, expat pensioners are turning to QROPS transfers to preserve and increase their pension incomes.
In particular those with preserved benefits under a Final Salary pension scheme, now see transfer values increased. Given current economic conditions, and with annuity rates at their lowest in twenty years. They find themselves offered an inflated transfer value.
This coupled with far higher rates of investment returns being seen by QROPS investors than UK pension scheme investors. Gives QROPS transfer clients far higher pension incomes than would have been enjoyed under their existing schemes.
With the worst case scenario seeing Markets headed towards a period of between five to ten years of continued volatility caused by economic problems. QROPS portfolios are now being invested in alternative investments allowing for very little market volatility. Allowing for a safe haven in these troubled times.
12/12/2011
Changes to local government pensions.
If you are considering a QROPS transfer, and you are a member of a Government Final Salary scheme, there is now good news. The proposed changes to the calculation of benefits is now not going to affect transfer values until 2022. The original proposal would have affected pension transfer values from 2015.
November 14th 2010
HM Revenue & Customs has at long last issued clarification that residential property is not a permitted investment within qualified recognised overseas pension schemes before or after the five-year reporting period.
The note, published online in the HMRC manual clearly states that an unauthorised payment charge is not dependent on how long a member has been non-resident. It says: "It applies regardless of whether or not a transfer member has been non-resident for more than five tax years. Nor is there any time limit on the requirement that the manager of a QROPS reports to HMRC any payments that are referable to a transfer member's taxable asset transfer fund."
Anyone transferring their UK pension across to a QROPS cannot under any circumstances use that money within a QROPS to invest in residential property.
17th July 2010
Close Opens up its QROPS to Bond providers.
Close Brothers Asset Management has opened up the distribution of its Guernsey qualifying recognised overseas pension scheme to offer it through Skandia International, Friends Provident International, Generali International and Royal London 360º
This move means advisers will also now have access to a larger range of investment funds and discretionary managers.
Close only works with highly reputable organisations that are robustly regulated. Close employs an independent vetting process with all IFAs. And looks at the advisory firm, their licences, their jurisdictions and their practices before they sanction approval. And regularly turns down firms because they do not meet their criteria.
December 2009
HMRC Pension age change.
Now in pension law tax year starting 6th April 2010 the pension age at which you can access benefits from your personal and occupational pension schemes is to change from age 50 to age 55.
The change will affect everyone who will be age 50 prior to 6th April 2010 and those who are already age 50 but will not reach 55 prior to 6th April 2010.
This will also affect QROPS applications. However if outside the five year rule some jurisdictions will still be able to allow retirement benefits to be taken from age 50.
Contact us:
Just complete the contact form and a CertCII G60 qualified pensions adviser will get back to you. We are happy to undertake a comprehensive TVA (Transfer Value Analysis) free of charge with no obligation.
Dealing with £2,000,000 of transfers on a daily basis no obligation means your enquiry moves at the pace you want it too. We do not need to chase you for your business.
Please note that the minimum transfer value is £52,000
Please note that this section is for anything related to QROPS.
The owners of the site Waterstone Investment Associates Inc reserve the right to remove any comment. Including: misleading information, libellous comments, malicious material, offensive language, or any other comment at their absolute discretion.
Your question
1.Can I have access to any of the transfer money in my QROPS Pension?
Once you have attained the age of 55 years, you can take a tax free lump sume between 25% and 30% of the total fund value dependent on your individual circumstances. If outside the five year rule in some jurisdictions benefits can be taken at age 50.
2. Is there a minimum amount required to transfer to a QROPS Pension?
There are no minimum amount required to transfer money from a UK pension plan to a QROPS, unless the QROPS itself sets these minimums. We have negotiated beneficial charging rates. This means we can offer QROPS solutions starting with a £52,000 transfer value.
3. Can I transfer my Final Salary scheme?
Yes. However great care must be exercised when transferring a final salary scheme given the guarantees it contains. FSA rules dictate that a TAV must be undertaken by a CII G60 or equivalent qualified financial adviser. We undertake a full Transfer Value Analysis (TVA) for every QROPS transfer enquiry we receive, both money purchase and final salary. This will highlight whether a QROPS should be considered or not.
4. Am I able to transfer protected rights funds into a QROPS?
YES - so long as the receiving QROPS is willing to accept it. Waterstone Investment Associates will make sure that you understand the implications associated with the UK pensions legislation is being given up.
5. Can I transfer the assets with out first liquidating them into cash?
If your existing registered pension scheme is a SIPP or a SSAS then it may be possible to transfer the existing assets to the QROPS pension, if the receiving scheme administrators or trustees are willing to accept them.
6. Can I take my entire transferred pension as cash?
The answer to this has changed recently. It is now yes and no.
For most people the answer is a definite no. However if you are over the age of 60 for some people the answer is yes.
7. Can I transfer to a QROPS once I have taken an annuity?
No.
8. What are the tax implications of moving my pension?
Unless your pension is above the lifetime allowance of £1,800,000. There are no tax implications.
9. I have 7 small pensions, but the total amounts to just under £57,000. The smalest is £2,367. Can I transfer to a
QROPS?
Yes if a TVA shows that a QROPS is right for you. The minimum transfer value Waterstone can deal with is £52,000. This can be made up from many smaller transfer values.
10. My pension fund is of substantial value. Are there any tax issues with transferring to a QROPS?
A transfer to a QROPS will be a Benefit Crystallisation Event and so will give rise to a tax charge if the amount transferred exceeds the individual’s unused lifetime allowance. This allowance, to which everyone is entitled, is GBP 1.85 million in the 20010/11 tax year. Thus before any transfer to a QROPS is finalised it is essential to check whether there is any possibility of this allowance being exceeded. If yes, then registration for an “enhanced protection” should be put in place before transferring to a QROPS. This is a straight forward process and removes any possibility of an attack on the transfer. OIIA specialist advisers will help you through the process the most efficient way possible.
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