British Expats - Search Results

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Forum: Canada

Dec 13th 2013, 6:37 am

Replies: 15

QROPS transferring UK pensions to Canada

Views: 6,616

Posted By OttawaCFP

Re: QROPS transferring UK pensions to Canada

There are a lot of potential advantages to moving your UK pension to a QROPS, but make sure you use a reputable Canadian financial institution, and a financial advisor/planner who has had lots of...

Forum: Canada

Sep 5th 2013, 2:41 am

Replies: 5

RRSP WITHDRAWAL - Pls Help

Views: 2,075

Posted By OttawaCFP

Re: RRSP WITHDRAWAL - Pls Help

Did you mention that this RRSP is a QROPS? If so, it would be a VERY bad idea to withdraw any money from it if you are under 55 years old and still within the test period. You'll end up losing most...

Forum: Canada

May 7th 2013, 9:21 am

Replies: 27

Peterborough, Ontario

Views: 3,661

Posted By OttawaCFP

Re: Peterborough, Ontario

I live in Ottawa now, but I lived in Peterborough for many years. Great little city. :)

Forum: Police

Apr 21st 2012, 11:16 am

Replies: 56

UK Police pension

Views: 20,808

Posted By OttawaCFP

Re: UK Police pension

There's no need to worry about either of those things. With a Canadian QROPS, if you are unable to work for medical reasons, you can access the money early. In addition, the payout to your family in...

Forum: Police

Feb 13th 2012, 2:32 am

Replies: 56

UK Police pension

Views: 20,808

Posted By OttawaCFP

Re: UK Police pension

As when making any important financial decision, make sure you are working with a reputable advisor, who has lots of knowledge and experience in this area, and who you feel comfortable with. You...

Forum: Canada

Feb 2nd 2012, 11:43 am

Replies: 18

Any Canadians return to Canada with British husband/wife?

Views: 6,329

Posted By OttawaCFP

Re: Any Canadians return to Canada with British husband/wife?

It is definitely a good idea to look into continuing payments to the state pension. It may make a big difference to what you can collect when you reach retirement age. If you or your spouse have any...

Forum: Police

Feb 2nd 2012, 11:17 am

Replies: 56

UK Police pension

Views: 20,808

Posted By OttawaCFP

Re: UK Police pension

Thanks, Dread.

My knowledge of QROPS is specific to UK pensions transferred to Canada, so these rules may not apply to anyone in other countries.

Essentially, before you have started to...

Forum: Police

Jan 31st 2012, 12:08 pm

Replies: 56

UK Police pension

Views: 20,808

Posted By OttawaCFP

Re: UK Police pension

A QROPS can be a good way to go. It's important to weigh the pros and cons of having a defined benefit pension plan like the police do, versus moving the cash value into a QROPS. But for a lot of...

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