QROPS
What is a QROPS?
In order to transfer a UK pension to Germany tax-free, a Qualifying Recognized Overseas Pension Scheme or QROPS for short is required.
A QROPS is therefore a qualifying German pension provider that is registered or listed by HMRC (Her Majesty’s Revenue and Customs) to receive UK Pensions tax-free transfers. In order to maintain registration, the pension provider must ensure that it meets the necessary requirements of HMRC on an ongoing basis and on its own responsibility.
In Germany, there are few pension funds or life insurance companies that meet these requirements. With regard to pension transfers from the UK to German QROPS carriers, we work together with Alte Leipziger and Condor Lebensversicherung.
We will be happy to advise you on your individual QROPS Pension Transfer without obligation. We provide you with all the necessary information and documents for the transfer process and help you with Alte Leipziger or Condor to handle your pension transfer
Why QROPS?
Even after Brexit, there are various risks that can be avoided or reduced by a pension transfer to a QROPS in Germany.
If you live permanently in Germany, a transfer can reduce British uncertainties in connection with politics, exchange rates, Lifetime Allowance and the taxation of your UK pension in Germany.
References
Below you can see some of our customers' feedback and experiences:
Langer Financial Services advised me on the transfer of 2 pensions from the UK to Germany. It became clear that they are experts at QROPS transfers and I could not have done it without them. They did all of the hard work and gave me clear instructions for any part that I needed to do. I am very happy with the excellent service that I got and I would highly recommend them.
Transferring my British pension benefits to Germany was a complicated process. Langer Financial was always helpful and very professional with excellent expertise. Super performance. Transparent and fair costs.
Mr. Langer, accompanied the process of an international pension transfer from start to finish. Without his support, the process would hardly have worked so well.
Simon Langer made the whole process of transferring my UK private pension to a QROPS in Germany straightforward. All dealings with Alte Leipziger were handled by Simon and I had several informative video conferences throughout the transfer with him which explained the various options available to me. I would not hesitate in recommending Langer Financial Services.
I worked with Mr. Langer regarding a Pension Transfer from UK / QROPS. This was a long process as multiple policies had to be transferred. Mr. Langer supported me along the way, was available for questions and helped with the clarification of questions with the providers themselves. I would recommend his services without any question.
Mr. Langer has always supported me personally and friendly to process my pension transfer. I can highly recommend his service.
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More InformationContact us
You are very welcome to send us your questions or requests via our contact form.
Please note:
- Pension assets with a value of less than €25,000 (according to the current exchange rate) cannot be transferred.
- Unfortunately, we cannot offer any help with State Pensions or the transfer of NHS pension rights.
We will usually get back to you within 24 hours if your request is received on a working day. We look forward to hearing from you!