FAQ's | Brite Advisors

Getting to know Brite Advisors

  • Q. Why transfer your UK pension overseas?
    Simply put, overseas schemes often benefit from lower tax and are protected from inheritance tax. Larger tax free lump sums can sometimes also be a factor.

    Many people choose them because the entire pension fund can be passed to beneficiaries – tax free.

    Generally, overseas pensions transfers give people more control and flexibility with access to their funds anywhere in  the world.
  • Q. What is LTA (Life Time Allowance) ?
    Pensions are subject to tax over a certain value – currently that allowance is £1m. However, when you transfer your pension overseas, future growth of your fund above the UK lifetime allowance will not be subject to the excess tax charge.

    This is often known as a ‘benefit crystallisation event’ or BCE and makes overseas pensions particularly attractive for those with assets valued near to or over the LTA amount.
  • Q. Will I have a full control on my pension?
    You may have accumulated a significant fund or have a company with a defined benefit scheme which is offering attractive multiples if you transfer out its scheme. This is an opportunity for you to realise that value with a pension transfer and take control of your wealth in one place.

    And once you’ve transferred your UK pension it will be free from future UK legislation changes. Furthermore, at the age of 55 you can withdraw your pension income in the currency of your choice with no FX costs.

    Also, there is no requirement to take an annuity at any stage, thus enabling any unused monies to be passed to your beneficiaries
  • Q. Who can take out a ROPS scheme?
    If you have worked in the UK, and contributed to a company or a private pension scheme, and are now no longer resident or are planning to leave the UK, you can apply for an overseas personal pension.
  • Q. How can I get the best out of my UK Pension?
    To get the best deal, an experienced advisor is recommended to deal with overseas schemes, as knowing the legislation in the country of residence of the client and the pension provider is essential. Brite Advisors are the leading Pension Advisors in UK and Overseas helping millions of UK Expats to secure the best returns possible at a low fee and full transparency. Book a friendly call here
  • Q. What to do if I have transferred Pension already?
    ​If you have a UK pension fund or have already transferred to a SIPP or QROPS it may be worth getting a fresh valuation to understand what it could be worth both now and in the future. Remember, you can take complete control of your money with Brite Advisors.
  • Q. Need to find a lost UK Pension?
    ​Use this handy UK Government website link below to reconnect with your lost UK pension. Just add the required information including your National Insurance Number and you should be able to locate any forgotten UK pensions.


    To find out more about how we can help you, simply leave your details here and one of our advisors will be in touch.
  • Q. What’s the best pension scheme for you?
    Getting a pension review and a fresh valuation is the best way to understand what is the best pension scheme for you what it could be worth both now and in the future.

    We build a pension solution to suit you and are dedicated to helping you achieve your financial and retirement goals. We help you take complete control of your money.

    We collect all the required information on you and your pension details and get an understanding of your retirement plans. After this assessment we talk to you about the suitability of an overseas pension transfer or recommend that you leave your pension in the UK. We do not charge anything for a pension review.

    If you want to switch we will make all the arrangements necessary for the pension transfer. Our fees are paid within the transfer arrangement so there is no need for you to send us any payment.

    To find out more about how we can help you, simply leave your details and one of our advisors will arrange a time to talk or visit you.
  • Q. What is ROPS and QROPS?
    A ROPS (Recognised Overseas Pension Scheme) is probably the most well known of the overseas pension schemes. Also known as QROPS (Qualifying Recognised Overseas Pension Scheme) before HMRC dropped the ‘Qualifying’.

    Her Majesty’s Revenue and Customs (HMRC) have acknowledged the pension issues that exist for UK expats and have created options, such as ROPS specifically for them. This gives individuals access to their benefits locally and is subject to taxation where they reside, rather than the UK.

    If you live abroad or are planning to do so in the near future transferring your pension to a ROPS could allow you the freedom and flexibility you need. 

    Introduced in 2006, ROPS (or QROPS then) were designed to enable British expats move their pension funds to an overseas jurisdiction where they could enjoy minimal tax rates, greater income potential and increased financial freedom. ROPS are pension schemes outside the UK that are recognised by HMRC and regulated in the local jurisdiction.

    Trusteeship and administration is provided in sound and robust jurisdictions such as Malta, Hong Kong, Gibraltar, Australia, New Zealand and Guernsey.

    Benefits of a QROPS:

    Benefits can be drawn in your new place of residency and subject to local tax rates, which could be very low or even nil.

    QROPs are generally not subject to inheritance or income tax in the UK and they are often based in locations with a lower tax rate than the UK. You can take income from your pension in a more tax efficient way and may be able to access a larger tax free lump sum, too – as much as 30%.​

    Once transferred, your money is no longer subject to UK taxation and, on death, your entire remaining pension fund is passed to your beneficiaries tax free.
  • Q. Can Brite Advisors help me with my current QROPS scheme?
    HMRC produce a list of recognised schemes (see below), which is regularly reviewed and re-published. These schemes must continue to operate a strict list of benefit rules in order to maintain their recognised status.

    It is imperative that schemes being transferred to are on this list at the time of transfer, otherwise punitive tax charges could apply. Brite Advisors will only recommend schemes that are on and have consistently been on this list. 

    Brite Advisors has several official, recognised overseas pension schemes as can be found at the UK Govt. HMRC website link below. They are the Tribune Retirement Scheme in Hong Kong, the Infinity International Pension Plan in Malta and the Apollo QROPS in Gibraltar.


    Brite Advisors will clearly highlight the advantages and disadvantages of your existing plans and compare them a ROPS plan.
  • Q. What is QNUPS?
    QNUPS are an international pension scheme often used by high net worth individuals who have already reached their income tax relief limits on pension contributions in the UK.

    There are no restrictions on residence – you can live anywhere and have a QNUPS, however, the tax on the scheme will depend on your country of residence.

    Presently there are no HMRC reporting requirements, as QNUPS are not permitted to receive transfers from UK tax relieved funds.

UK pension leadership

Brite Advisors re-defined UK pensions for expats when they launched in 2016. Today, Brite Advisors leads the world in UK pension innovation with our low-cost investment platform and end to end solution. The Brite Advisors platform provides a seamless experience with the mission of maximising pension assets.  Brite Advisors is a global company with offices and teams around the world dedicated to providing a financial planning experience like no other. For international SIPPs, QROPS or Direct Investing it’s your easiest investment decision.

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