Posted 27 January I have recently become aware of apparent post-Brexit loss of options on what non UK residents can do with any fund in a UK private pension scheme. The only option I am now offered by Standard Life in the UK is a complete cash payout in one go - there is no longer any option for UK annuity purchase, transfer to a drawdown account or anything else of that kind for non UK residents. From my research so far it seems that other UK companies are saying the same. The amount involved for me is relatively small (well under 100K). From what I can see, the following could be my options Take the cash payout in the UK with whatever tax implications (I can work out the normal UK tax due but am not sure how that works through into German tax via the double taxation agreement) Transfer it to a QROPS - I have found a German company that specialises in this. Not sure the implications of this if what I really then want is some kind of immediate Sofortrente or such equivalent to a UK fixed term annuity. Transfer it to an International SIPP - don't know anything much about that .. Similarly as 2) what I really want etc Any comments, experiences, advice welcome 1 Share this post Link to post Share on other sites
Posted 27 January A bird in the hand... incurs no fees. 0 Share this post Link to post Share on other sites
Posted 27 January 12 minutes ago, optimista said: A bird in the hand... incurs no fees. I was hoping for some sensible answers 0 Share this post Link to post Share on other sites
Posted 27 January Pardon me. You could / should perhaps have better researched TT. It is anything but sensible. I stand by my point however. 1 Share this post Link to post Share on other sites
Posted 27 January 9 minutes ago, optimista said: Pardon me. You could / should perhaps have better researched TT. It is anything but sensible. I stand by my point however. You are not making any point at all. People have pension funds, some decision has to be made about what to do with them. If you have nothing meaningful to say then please say nothing. 2 Share this post Link to post Share on other sites
Posted 27 January If you go to Forum- Finance, you will see various experts who advertise their services on Insurance, investment etc. They would be your best route to your questions. 0 Share this post Link to post Share on other sites
Posted 27 January 1 hour ago, GMill said: You are not making any point at all. People have pension funds, some decision has to be made about what to do with them. If you have nothing meaningful to say then please say nothing. You could also try asking here: https://www.reddit.com/r/germany/ 0 Share this post Link to post Share on other sites
Posted 27 January Point 1 will incur lower fees than your other options. Clearly I was too oblique. Nobody knows your tax position so impossible to comment or compare with other options. For personalised, professional advice... Starshollow. 0 Share this post Link to post Share on other sites
Posted 27 January 5 hours ago, almafreya said: You could also try asking here: https://www.reddit.com/r/germany/ Starshollow is now a Mayor of his town and no longer active in insurance/ financial services but hus sidelkick Paul Downes ( a Toytown forum member ) is an expert on QROPS and the pros and cons on transferring or not UK pension money. You might wish to try his services. Edit: whoops, post meant for optimista's gaze. I am a professional independent insurance broker and authorised advertiser. Contact me. 1 Share this post Link to post Share on other sites
Posted 27 January This came ro mind... dunno why. https://m.youtube.com/watch?v=sFacWGBJ_cs 0 Share this post Link to post Share on other sites
Posted 28 January Some information on opt 3 can be found from this provider: https://www.myexpatsipp.com 0 Share this post Link to post Share on other sites
Posted 3 February I have exactly this issue. I started exploring QROPS with Starshollow a couple of years ago. At that to me the only fund open to me was from Alte Leipziger and the quote that I had was not very attractive. Sadly Starshollow went quiet on me and I put my transfer plans on hold. Since then I see that another two funds have appeared on the UK list: Condor Lebensversicherungs-AG Basis-Rente Germany Condor Lebensversicherungs-AG Sofort-Rente Germany I'm currently re-investigating so I'm interested to see if anything comes from this thread 0 Share this post Link to post Share on other sites
Posted 3 February I was asking elsewhere about this topic was sent this link which gives some general information (but I know nothing about the company) https://sjb-global.com/germany/ 1 Share this post Link to post Share on other sites
Posted 3 February 2 hours ago, mrloop said: Sadly Starshollow went quiet on me Try contacting @Paul@CRCIE 1 Share this post Link to post Share on other sites
