QROPS stands for Qualifying Recognized Overseas Pension Schemes, and they have enabled thousands of UK citizens to live their dream of retiring to sun, sea and sand. It is the dream of many old age pensioners to live out their years in a foreign country. Expensive living and miserable weather in the UK contribute to this dream but in the past old age pensioners were hampered when it come to their pension.
Extra charges were levied and taking a pension abroad was costly until the QROPS Pension was introduced. These types of pensions are officially recognized by the UK government and present UK citizens with various benefits. If you register as a couple, then special rates are available. The overall benefits of a QROP pension will benefit many old age pensioners both now and in the future.