Promising signs of economic recovery aside, it’s fair to say that the majority of the UK population is still mired in financial anxiety. Young people struggle to get on the property ladder due to the extortionate entry price (particularly in the capital), soaring energy prices leave the poorest and most vulnerable cold, and 2.4 million UK adults still remain unemployed. Read More
On 6th April 2014 Life Time Allowance (LTA) limits will decrease by £250,000, meaning pension savings that fall above this lowered limit will no longer be tax-free. Read More
While in the UK pension benefits are generally only able to be taken from the age of 55, some QROP schemes have let expats take benefits earlier if they have lived outside of the UK for five consecutive tax years. Read More
After a year of flux in 2013 with changes in QROPS jurisdictions from Guernsey to Singapore, 2014 promises to be a bumper year for the Qualifying Recognised Overseas Pension Scheme industry. Read More
Guernsey was once a prime location for Qualifying Recognised Overseas Pension Schemes with the Channel Island boasting a proud history as a sound financial centre with excellent consumer safeguards. Read More
There has been an update in the long running ROSIIP issue with HM Revenue & Customs releasing new guidance following the long-running case.
The ROSIIP case dates back to 2008 when the UK authorities withdrew QROPS status from the Singapore based scheme. After a hearing at the High Court it was ruled that ROSIIP never met the requirements to be categorised as a QROP Scheme. This left those in the scheme possibly facing a 55% tax charge. This is not now judged to be the case. Read More
In it’s industry newsletter released today, HMRC made amendments to the two reporting forms used by QROPS scheme administrators to notify HMRC of receipt of a transfer. Read More
In a continuation of the QROPS list mystery, 23 of the 25 Hong Kong QROPS have been removed from the HMRC’s list HMRC has, true to form, refused to give an explanation for this. Read More
20-22 Wenlock Road
London, N1 7GU
United Kingdom
© 2024 QROPS Review.
