Anyone of any nationality owning a UK Registered Pension Scheme now living outside the United Kingdom, or anyone planning to leave the UK, can transfer their UK Registered Pension scheme into a QROPS (Qualifying Recognised Overseas Pension Scheme); the tax free benefit of doing so will be significant.

The tax free QROPS income and withdrawal benefits cannot go unreported to HMRC for the 5 complete UK tax years from cessation of UK residency, but appropriate professional advice can immediately improve tax free investment performance; the over all result is considerably more investment flexibility and greater future financial security for the QROPS owner and their beneficiaries.

Incredibly there is no compulsion ever to buy any annuity with QROPS!  A lump sum can be taken at transfer into QROPS and whatever value is left in QROPS after death is then available to any beneficiaries completely tax free - thus avoiding a potential 82% tax hit - so long as the 5 year rule is satisfied.