+356 2157 6666 +44 (0) 741 8443077 +39 349 7993616
+356 2157 6666 (Head Office)
info@lawsonsequity.com

CASE STUDIES

A SHOWCASE OF OUR EXPERTISE

UK COUPLE IN SPAIN

MULTIPLE BENEFITS BY MOVING TO QROPS

A couple age 56 and 62 had lived in Spain for a number of years and like the majority who had relocated were enjoying the endless days of sunshine and a more relaxed lifestyle. Unfortunately, although they had some savings, due to a poor exchange rate from Sterling to Euros it was becoming more of a financial burden each month to maintain their ongoing living expenses without the need to utilize their rainy day savings.

Lawsons Equity were able to show them how, by moving both their UK Pension funds in to a QROPS ( Qualifying Recognised Overseas Pension Scheme) they were able to unlock 25% of the transfer and then use this amount to make up for the shortfall that had been suffered due to the exchange rate issue. In addition, the cash sum from their pensions gave them a little extra which was then used to purchase a new car and make an ‘early’ gift to their son in the UK. The end result was that their existing savings now remain intact, their son was grateful to use his slightly early inheritance and for now there should be no more car repairs to pay for.

One final benefit that applied to this scenario is that if the pensions had of remained in the UK, when either partner dies post retirement age the pensions would have reduced down to a spouse's pension which can be as much as a 50% decrease and worse still if they had of died pre-retirement there was potentially a chance that the size of the pension would become part of his or her UK estate and so become taxed in line with Inheritance Tax. As a result of the pension funds moving into an offshore QROPS/Trust structure, both these events can now be avoided.

case study 1 lawsons equity

FRANCIS, UK, MOVING TO MALLORCA

EARLY RETIREMENT PLANNING

Early retirement is a great opportunity for those that are in a position to take it, as was the case with Francis, age 54, who moved from the South of England to the sunnier climate of Mallorca.

He came to Lawsons Equity for advice on how he could ensure that his well-funded UK Private Pension would be protected on his death and that his wife would not have to pay a chunk in Inheritance Tax.

Once the company was able to apply for a Transfer Illustration from the existing UK pension provider, we were able to advise that by opening a QROPS structure in Guernsey within an HMRC approved scheme, he was then able to instruct the Trustees that on his death the full value of the pension at that date would be paid free of tax to his wife and without the need to go to probate.

In addition, Francis was also able to name second line beneficiaries, his children, to receive proportionate amounts in the event of his wife's death.

case study 2 lawsons equity

UK COUPLE BUYING HOUSE ABROAD

MAXIMISING YOUR PENSION USING QROPS

Buying a home overseas to retire to is a dream that many people have but in most cases the purchase cannot take place until retirement age (65) which is when a cash sum becomes available from an individual's pension plan whether it be an occupational scheme or a personal pension plan.

Lawsons Equity received an enquiry from a couple who were 9 years short of retirement, still living in the UK but had seen an advert which explained that couples like this with these aspirations can actually make the move before they reach retirement.

The solution entailed moving his pension out of the UK to a jurisdiction which was a HMRC approved QROPS structure. The clients then knew exactly how much was readily available to use towards the purchase of the property abroad which in turn gave them a good degree of buyer power when it came to negotiating the purchase.

Furthermore, the contributions he had been making towards his UK Pension could if need be, be used towards a possible mortgage and mortgage payments in the country in which he made his purchase.

More importantly, it gave him and his wife the chance to fulfil a dream 9 years ahead of schedule.

case study 3 lawsons equity

GAIL'S UK PENSION SCHEME WAS UNDERPERFORMING

QROPS ENSURED CONTROL OF HER PENSION

Those pension schemes which are administered in the UK and that have been exposed to equities over the last 3 years have in most cases underperformed in a pension scheme members’ eyes.

The truth of the matter is that some pension funds were over exposed to equity markets which sadly when saving over many years did not sit too well with the investor.

To compound the problem on other occasions one of our clients felt that when she wanted information from the pension provider it wasn’t as simple and straight forward as she may have expected.

When she met with one of Lawsons Equity's authorized and regulated advisors she soon realized that one benefit in opting to transfer her pension into a QROPS plan was that it gave her a freedom of choice when it came to how her pension pot would be invested rather than accepting that she was one of the thousands of members in a UK scheme with no opinion or choice in how her pension fund was invested.

Secondly, when she now wants to view a statement or request a meeting with the pension Trustees, it is only a phone call away.

case study 4 lawsons equity

WHAT CLIENTS SAY ABOUT US?

KIND WORDS FROM OUR CLIENTS

"Just a short note to say thank you for your kind attention and advice.

Your professional, yet friendly approach with simple explanations of the products available together with the benefits and risks and detailing the various processes, potential charges, fees etc. greatly assisted our decision regarding the suitability of the product for our circumstances.

The follow up you then provided in assisting with establishing other necessary contacts e.g.lawyers and your continuing availability for consultation, enabled us to achieve a satisfactory conclusion. "

 
— RETIRED CHARTERED CIVIL ENGINEER
UK Expat, Living in Malta.

"Lawsons Equity were able to firstly find out the exact value of my UK pension which I must admit I had almost forgotten about and then helped me to take a lump sum from it earlier than I expected which I was very grateful for and helped me to restart with my business here in Malta"

 
— DAVID, ST. PAUL'S BAY, MALTA
UK Expat, Living in Malta.

"I have been worried about my UK pension for some time because the value of it seemed to be going down and down and it was extremely difficult when attempting to contact the correct department and transferred from one to another. Lawsons were able to make contact and apply for a transfer which means I can have an input over where it will now be invested and avoid many telephone calls to the UK"

 
— MARION, MARSASCALA, MALTA
UK Expat, Living in Malta

"I was impressed with the continual communication with Lawsons from the outset. My questions were always answered in a prompt manner and I found them to be extremely efficient throughout my transfer"

 
— DENNIS, QAWRA, MALTA
UK Expat, Living in Malta

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HEAD OFFICE ADDRESS

Lawsons Equity
Rocomar Shops,
6 Portruman Street,
Qawra,
Malta

CONTACT INFOS

Malta (Head Office): +356 21576666
UK: +44 (0) 741 8443077
Italy: +39 349 7993616

 

Email: info@lawsonsequity.com

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