Pensions

When living in Belgium there are a number of considerations which might impact when planning for retirement. Ensuring that the right pension provision is in place – whatever the circumstances – is important. We can help with both pension schemes for companies and pensions for those who are self-employed. We can also provide information about QROPS and SIPPS schemes which can be used by those who have worked in the UK and overseas and may need to consider transferring pensions.

Pensions for Companies

The task of recruiting and retaining the very best employees, in a cost-effective way, is of crucial importance. Offering an easy-to-understand, attractive package which includes flexible pension solutions and meets the needs of both local and international employees can ease this task significantly.
We can help your company deal with the complexities of selecting, implementing and administering a group pension scheme.  We can then clearly explain the chosen programme to employees, so that they are able to integrate their benefits into their personal financial strategy.

Financial Planning for the Self-Employed in Belgium

Being self-employed in Belgium can be an administrative struggle.  Our team can help with selecting both tax and cost effective solutions for pension savings and life and disability benefits.

QROPS and SIPPS

For anyone who has worked in the UK and has one or more UK pension funds, there can be substantial benefits in transferring these pensions into either an overseas ‘QROPS’ pension or a UK ‘SIPP’ pension.

What is a QROPS?

QROPS stands for Qualifying Recognised Overseas Pension Scheme. QROPS were first introduced by Her Majesty’s Revenue and Customs (HMRC) in 2006 as a means of tackling the retirement needs of those living abroad.

Please be aware that HMRC has recently applied a tax charge of 25% on some overseas transfers so you need to be extra careful in the advice you take before moving your UK pension overseas.

What is a SIPP?

The acronym SIPP stands for Self Invested Personal Pension which is a UK registered pension scheme that provides far greater investment choice than most other forms of UK pension schemes. In many cases, where a QROPS will not be appropriate for those planning to retire in the UK, a SIPP will usually be highly suitable and may occasionally be more apt for those planning to retire in certain non-UK jurisdictions and/or for those with smaller pension funds.

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