Disadvantages & Risks
Investment Risk
You bear the responsibility for investment decisions, which can lead to potential losses if investments perform poorly.
Fees and Charges
QROPs often come with various fees and charges, which can reduce the overall value of your pension fund.
Loss of Guarantees
Transferring may result in the loss of valuable guarantees, such as a guaranteed income in retirement, offered by some workplace pension schemes.
Complexity
Managing a QROPS can be complex, especially if you lack experience in investment decisions.
What Are Your Pension Transfer Options
Retirement Planning
- Blogs
- How do I transfer my pension to Australia?
- Retirement Planning
- Retirement Income Planning
- Retirement Savings Strategies
- Pension Planning and Transfers
- Financial Planning
- Defined Benefit
- Defined Contribution
- SIPP
- QROPS
- Superannuation
- UK State Pension Facts For Expats
- What happens to your pension when you die?
- Estate Planning
- Hoxton Wealth Financial Planning
Speak to us now
If you think a QROPS may be a good option for you and would like more information, speak to one of our advisers today.