ICEA LION commonly known for its financial services on insurance, pensions, investments and trusts, has introduced the first QROPS (Qualifying Recognized Overseas Pension Scheme) in Kenya.
QROPS is a way to transfer UK pension funds overseas without charges on UK Tax. For a pension plan from the UK to be accepted, it has to qualify and be recognized by Her majesty revenue and customs (HMRC) and also be included in their QROPS list. The pension scheme themed ‘Unshackle your future’ comes with a lot of benefits.
- Tax efficiencies: You avoid 55% of UK Tax on death benefits and no life time allowance.
- Minimum guaranteed returns of 4 %
- Average return of above 10% in the last 3 years
- Early retirement at the age 55 year old
- Access to your funds in Lump sum, income draw down of annuities.
- For security purposes, your pension fund is protected from creditors.
- Very convenient, you can monitor your funds from home
ICEA LION enables you to retire in style using this pension scheme. For more inquiries on the pension scheme, be it joining or enquiring, log on to icealion.com
