
UK state pension
Pension Pages
Pension and tax rules can change and tax relief depends on your personal circumstances. This information is not personal advice. Investments go down in value as well as up so you could get back less than you invest. If you’re not sure which investments are right for you, we can put you in touch with one of our financial advisers.
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A QROPS (Qualifying Recognised Overseas Pension Scheme) is a type of pension scheme available for individuals who have accrued pension savings in the UK and are either planning to move abroad or are already living outside the UK. It allows these individuals to transfer their UK pension funds into an overseas pension scheme that meets certain qualifying criteria set by HM Revenue & Customs (HMRC), the UK tax authority.
What is the UK state pension ?
The UK State Pension is a regular payment provided by the government to eligible individuals who have reached State Pension age. It serves as a foundation for retirement income and is intended to support individuals financially during their retirement years. The amount of State Pension one receives depends on various factors, including the individual's National Insurance contribution history. The State Pension age and eligibility criteria may vary depending on when a person was born and other circumstances, as determined by the UK government.
Who is eligible for the UK state pension ?
Eligibility for the UK State Pension is typically based on the individual