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In April 2006, in response to the large number of

UK citizens settling permanently overseas for their

retirement, UK Revenue & Customs outlined new rules

for Qualifying Recognised Overseas Pension Schemes

(QROPS). This has allowed many millions of pounds of

UK pension funds to be transferred to British people

living permanently in countries such as Australia,

New Zealand, Canada and South Africa, giving them

convenient, cost effective and tax efficient access to

their pension benefits.

Even British citizens living in locations that have no

pensions infrastructure have been able to benefit from

this system by using offshore QROPS based in the Channel

Islands, Isle of Man and Malta.

However, in the United States of America, the authorities

have always refused to allow incoming pension transfers.

For British people living in the USA, who intend to settle

there and make it their permanent home, this inability

to transfer UK pension funds has become a growing


Fortunately, the expert team at Alexander Beard has

worked long and hard to address this complex issue, and

we are now delighted to introduce AMVEST – the ultimate

pensions solution for UK expatriates living in the USA.