When the hype surrounding Qrops began, many companies created a Qrops scheme as a matter of urgency. These Qrops schemes were extremely overpriced and not always set up efficiently for the member. However these Qrops still attracted individuals in large numbers.
Many of the early adopters of Qrops are being charged well above the now, much lower rates. Newer Qrops providers have significantly lower charging structures then that of the earlier schemes. Also the newer Qrops schemes understand better what members are wanting, and are set up much more efficiently.
If you have a Qrops and are paying over £1,000 per year, you could significantly decrease your annual charges by transferring to another Qrops.
An individual with a Qrops of £100k could well be paying £2k per year. That’s 2% of the pension going on charges. Qrops Adviser can set up the same client in a Qrops for £500 per year. That’s a saving of 1.5% each year.
Qrops Providers Exit Charges
Your current Qrops provider may charge you an exit fee. For most Qrops providers this is a fixed fee. However we are aware of providers that charge a percentage based fee, or even worse, they have a sliding scale of charges, with earlier exits being charged more. For example, you may get charged 5% in the first year to exit!
Lower Qrops Charges
Here at QROPS.net, we can offer preferential charging structures to our clients that other advisers cannot. Being the leader in Qrops advice, we have negotiated unique terms of business with the many of the best Qrops providers available. This allows you the client to have access to Qrops without having to pay the high charges.
We can compare your current Qrops with the newer and more cost efficient Qrops and offer you a solution. We will look after all the paper work and outline exactly the pros and cons of the transfer.
Contact QROPS.net today to discuss your current Qrops and the possibility of a transfer.
