The complete super solution for UK pension savings
My Options Superannuation Pty Ltd (My Options Super) is part of the STM Group of companies, headed by STM Group Plc
, a company listed on AIM, a market operated by the London Stock Exchange. The STM Group is a world leader in international retirement solutions, particularly in the creation and administration of Qualifying Recognised Overseas Pension Schemes (QROPS).
A QROPS is a pension plan designed for non-UK resident individuals with UK pension savings who wish to transfer their funds to a location better suited to their circumstances and financial planning objectives. Information about QROPS can be found here: https://www.gov.uk/government/ collections/overseas-pension-schemes.
We were established in Australia in 2016 to develop a QROPS solution for Australian resident clients which would enable them to move their UK pension savings into the superannuation system with added peace of mind.
The My Options Super Fund is a Self-Managed Superannuation Fund (SMSF) which enables the member to have greater control of their super monies by being appointed as a director of the corporate trustee.
The My Options Super Fund bespoke deed has been prepared by a specialist legal team to meet the requirements which apply to a QROPS and each My Options Super Fund is submitted to UK HM Revenue and Customs (HMRC) as part of its establishment. As part of the facilitation of QROPS compliance, the My Options Super Fund is available to clients aged 55 or over and accepts only contributions (consisting of capital and associated growth since residency) by way of transfer of monies from Registered Pension Schemes in the UK or QROPS or former QROPS around the world.
We understand that managing an SMSF can be time consuming and that additional, specialist support is often necessary and it helps to make life simpler and easier – and that’s very important when you consider that the SMSF must comply with the additional QROPS requirements imposed by UK regulations.
The My Options Super Fund has the advantage of combining a specialist SMSF administration service and a unique QROPS support service, providing clients with help and assistance throughout the life of their SMSF from experts in both of those fields.
We realise that, with the exception of a family home, superannuation benefits are likely to be your client’s single largest asset. As such, it is essential to ensure that this important element of your client’s lifetime wealth should be supported by an established, quality service provider who understands how to comply with all of the requirements for an SMSF with QROPS status.
The My Options Super Fund – it’s not part of a solution, it’s a complete solution.
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