SIPP Specialists Announce the Launch of New QROPS TRANSIT SIPP
Contributed by SIPP Specialists Limited
16 October, 2012
Contributed by SIPP Specialists Limited [www.sippspecialists.co.im]
The QROPS TRANSIT SIPP is designed to provide a professional, cost effective solution to a situation that many professional advisers find when clients, who can have multiple UK schemes are looking to emigrate and thus transfer their pension arrangements into a QROPS.
This can cause increased work for both the adviser and the QROPS Provider and delays in setting up the QROPS said spokesman Mark Knight. In extreme cases, for example, it can delay clients receiving their Pension Commencement Lump Sum.
He added The QROPS TRANSIT SIPP will accumulate all the funds into ONE UK SIPP and make ONE transfer to the QROPS Provider. There will be a one off fee of £175 plus VAT for this service. This should give advisers greater control of the transaction, reduce delays and hopefully give peace of mind to the client.
If you want to know more about this product or any of the SIPP Specialists range of products or services, please contact them at email@example.com
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