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International Pension Planning
International Pension & Retirement Planning
Geneva London Paris Brussels Monaco Nassau
International Pension PlanningInternational Pension Planning
What are the Benefits of International Pension & Retirement Planning?
Build your retirement pension & health needs fund by regular contributions
Enjoy Greater Global Diversification and the Risks against Currency Fluctuations
Minimise UK Inheritance Tax (IHT)
Fully portable form Country to Country
Greater flexibility in terms of how & when you draw down your benefits
Higher Growth Rates & Reduced Administration Costs vis a vis UK Plans
Global Financial Expertise Wherever You Are www.prycewarner.com
International Pension PlanningInternational Pension PlanningAbout Our Pension & Retirement PlansWe offer Expatriates and UK residents (whether domiciled or not) a range of pension planning options.
Our principal pension plans are the International Pension Plan, QROPS and QNUPS.These plans have a proven track record of reliable growth and tax minimisation.
These plans are not mutually exclusive meaning it is possible for a client to have all 3 plans under certain circumstances.
International Pension Plans are designed to offer consistent, long-term growth and can be combined with a QROPS and/or QNUPS.
QROPS (Qualified Recognised Overseas Pension Schemes) allow holders to transfer their pension assets into an overseas scheme that enables lower tax rates and withdrawal of greater benefits.
QNUPS (Qualifying Non-UK Pension Schemes) allow holders to transfer a broad range of assets into the plan e.g. property, stocks, shares and artworks, as well also potentially enabling a lower rate of inheritance tax.
Global Financial Expertise Wherever You Are www.prycewarner.com
Principal Benefits of an International Pension Plan
International Portability
Global & Currency Diversification
Denominated in the Currency of your choice
Comprehensive individual control
A personally assigned pension plan advisor
Choice of investment funds
Ability to view pension plan performance 24/7 online
Global Financial Expertise Wherever You Are www.prycewarner.com
Principal Benefits of QROPS
Tax Free Cash Lump Sum – 25% on retirement, 30% if resident outside the UK for over 5 years
No requirement to buy an annuity
Income drawdown based on UK GAD rules
0% Tax on death pre-retirement
Significant Estate planning opportunities
Global Financial Expertise Wherever You Are www.prycewarner.com
Principal Benefits of QNUPS
No limit on contributions into the scheme
Excellent retirement planning structure
No requirement to buy an annuity
Assets held in plan grow free of taxation
Upon death your chosen beneficiaries will receive the assets from the QNUPS
You do not need to receive an income directly from employment to allow you to make a contribution
Global Financial Expertise Wherever You Are www.prycewarner.com
Why Pryce Warner International Group?
Over 40 Years Experience In Dealing with the Needs of Expats Throughout the World
Greater Control over Your Investment Management
Greater Breadth of Investment Opportunities
Increased Estate Planning Opportunities
QROPS services provided In Malta, Gibraltar, Isle of Man. These HMRC approved jurisdictions have the highest levels of regulation and securityQNUPS are also available through Guernsey
Transparent Costs
Clear & Concise Investment Reporting
24/7 Web Access to Accounts
Global Financial Expertise Wherever You Are www.prycewarner.com
Investment Options
Our Clients have a wide range of investment options available to them and in order to ensure these are fully taken advantage of, we offer a Professional Review & Advice service.
Particular attention will be paid to your withdrawal requirements & the currencies required.
Our investments are currency and globally diversified.
Freedom to manage the assets within the plan in accordance with ever-changing financial situations.
Direct access to your own pension plan advisor
Global Financial Expertise Wherever You Are www.prycewarner.com
Our Fund Performances as at 31st December 2013
Global Financial Expertise Wherever You Are www.prycewarner.com
Performances are Shown in %Annual Compound Rates of Growth
See next slide for relevant fund details
Pryce Warner lnternational Growth PortfolioThis Portfolio is a Multi-Currency Globally Diversified Equity Portfolio providing comprehensive access to markets around the world & provides a suitable structure for investors requiring regular income provision.
Pryce Warner lnternational Growth & lncome PortfolioThis Portfolio is a Multi-Currenry Globally Diversified Equity Portfolio providing comprehensive access to markets around the world whilst at the same time providing added focus for the regular income needs of investors.
Pryce Warner lnternational Bond & lncome PortfolioThis Portfolio is a Multi-Currency Globally Diversified Portfolio providing comprehensive access to Bond & lncome Producing lnvestments around the world whilst at the same time providing for the regular income needs of investors.
Pryce Warner lnternational Property & lncome PortfolioThis Portfolio is a Multi-Currency Globally Diversified Property Portfolio providing comprehensive access to property markets around the world. The portfolio allows complete liquidity whilst at the same time accessing & investing in the global property markets in a diversified & balanced manner.
Global Financial Expertise Wherever You Are www.prycewarner.com
Pryce Warner International Group Reporting Requirements to HMRC
QROPS: If the member has been a UK resident at any time in the past 5 years full reporting must be maintained by the pension trustee
There are no reporting requirements by the Pryce Warner International Group QROPS Trustees once the member has been outside of the HMRC tax regime for 10 years
QNUPS: There are no reporting requirements to HMRC when setting up a QNUPS.
QNUPS are available in non-UK jurisdictions where the pension arrangement offered meets the HMRC criteria for being a QNUPS
Global Financial Expertise Wherever You Are www.prycewarner.com
QROPS Application Process
Complete a Pryce Warner International Group QROPS application form
Pryce Warner International Group will review your existing Pension Plans/SIPPs
PWI Produces a Written Proposal stating all charges
Proposal is Discussed with the Applicant
Applicant receives all Transfer Documentation for Completion and Submission to PWI including Copy of Passport & Proof of Address
Pension Plans & SIPPs are Transferred into the QROPS Plan
Clients can then view their Accounts online 24/7
Global Financial Expertise Wherever You Are www.prycewarner.com
QNUPS Application Process
Complete a Pryce Warner International Group QNUPS application form
We Will Review the Assets you Propose putting into the QNUPS
PWI Produces a Written Proposal stating costs involved
Proposal is Discussed with the Prospective Client
Client Submits Copy of Passport & Proof of Address
Client receives all Transfer Documentation for Completion and Submission to PWI
Assets are Transferred into the QNUPS Plan
Clients can then view their Accounts online 24/7 &/or receive quarterly reports
Global Financial Expertise Wherever You Are www.prycewarner.com
QROPS Transfer Process
Your Pension Plan receives instructions from PWI QROPS Trustees for Transfer
Same as transfer between UK schemes
Benefits transferred in cash or in-species
UK Plan/s advises HMRC of an overseas transfer
Pension Plan trustees implement reporting requirements to HMRC
Personal pensions, occupational pension schemes, schemes in drawdown and final salary schemes are accepted
Global Financial Expertise Wherever You Are www.prycewarner.com
QNUPS Transfer Process
Benefits transferred in cash or in-species
Assets that can be transferred include; residential or commercial property, works of art, cash, cars, equity investments and shares.
Global Financial Expertise Wherever You Are www.prycewarner.com
QROPS Transfer Fees
Initial Set up Fee £750*Initial Fees are a one off and include obtaining due diligence in accordance with our regulatory requirements, preparation and completion of all necessary documentation for the trustees and previous administrator, monitoring the application process and liaising with your advisor.
Annual Trustee Administration Fee £750*The Trustee administration is charged annually in arrears on 30th September for the provision of services which includes the management of the fund, annual accounts and the trustee responsibility fee. These fees do not apply to specialised investment assets or where they are held with an offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce Warner International Group Limited fee schedule as in force at the time. Any additional professional work requested by the Member will be quoted for in advance. These fees will be calculated by reference to the time, complexity, urgency and responsibility of the work required.
Termination of QROPS or Transfer Fee £2000*Upon transfer of the QROPS to another administrator a termination fee will be applied to attend to all matters with regard to the transfer as required.
*These are our current fees and reflect provider rates, though these may be subject to change
Global Financial Expertise Wherever You Are www.prycewarner.com
QNUPS Fees
Initial Set up Fee £1250 (min)Initial Fees are one-off, in advance and include obtaining due diligence in accordance with our regulatory requirements, preparation and completion of all necessary documentation for the trustees and previous administrator, monitoring the application process and liaising with your advisor.
Annual Trustee Administration Fee £1250 (min)The Trustee administration is charged annually in advance for the provision of services. These fees do not apply to specialised investment assets or where they are held with an offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce Warner International Group Limited fee schedule in place at the time. Any additional professional work requested by the Member will be quoted for in advance. These fees will be calculated by reference to the time involved, complexity and the specific requirements of the work required.
Global Financial Expertise Wherever You Are www.prycewarner.com
International Pension Plan Application
Provide via our secure Website your financial information
State the amount that you wish to contribute monthly
State your age and the period of intended contributions
We will formulate a proposal and a range of pension plan projections
When these have been approved and accepted by the client, your advisor will guide you through the application procedures
Global Financial Expertise Wherever You Are www.prycewarner.com
In summary…
We are an INDEPENDENT Consultancy Group with over 40 YEARS experience
We have a PROVEN TRACK RECORD
We work with the WORLD’S BEST INVESTMENT MANAGERS
We provide a PERSONAL SERVICE for our clients
24/7 Online Access to Accounts
We are Happy to Provide Existing Client Testimonials to New Clients
ARE YOU ON THE RIGHT TRACK FOR YOUR FINANCIAL FREEDOM & INDEPENDENCE?
Global Financial Expertise Wherever You Are www.prycewarner.com
International Pension Planning
International Pension & Retirement Planning
Geneva London Paris Brussels Monaco Nassau
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