qrops
January 6, 2017
The countdown to the triggering of Article 50, the official starting point for the UK’s exit from the EU, is leading to a surge in the overseas transfer of UK final salary pensions.
The countdown to the triggering of Article 50, the official starting point for the UK’s exit from the EU, is leading to a surge in the overseas transfer of UK final salary pensions.
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premium
November 27, 2016
The government’s plans to bring the tax treatment of overseas pensions more in line with Britain’s domestic pension tax regime have my support.
In Wednesday’s Autumn Statement, it was revealed that the tax regulations regarding Qualifying Recognised Overseas Pension Schemes’ (QROPS) will become more aligned with those of UK pension schemes.
These latest plans suggest that QROPS will, as such, be taxed in the same manner as a UK pension for anyone who decides to return to
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premium
November 2, 2016
There has been a significant surge in the number of people considering moving their British pensions out of the UK, triggered by the Brexit-battered pound.
There has been a significant surge in the number of people considering moving their British pensions out of the UK, triggered by the Brexit-battered pound.
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premium
June 28, 2016
As the result of last Thursday’s referendum continues to sink in, and what the Leave victory will mean for personal finances, Brexit will be a trigger for more individuals to transfer their British pensions out of the UK.
It will come as little surprise that demand for HMRC-recognised pension transfers will increase considerably as a result of the UK deciding to leave the EU.
As the result of last Thursday’s referendum continues to sink in, and what the
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premium
July 1, 2015
I am wholeheartedly backing the move made by HMRC today to remove Australian superannuation funds from its official recognised list of Qualifying Recognised Overseas Pension Schemes (QROPS).
Despite the fact that Australian superannuation funds are stringently regulated, since the ‘pensions age test’ came into effect on 6 April this year, they no longer fulfil the requirements in order to be considered a QROPS, as they allow the over-55s early pension drawdown.
I am
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premium
March 4, 2015
deVere Group has recently published results of a survey which reveal that an increasing number of Britain’s over-50s are tempted by a move overseas.
This latest poll showed that 59 per cent of those surveyed have ‘seriously considered’, ‘are thinking about’, or ‘would be tempted’ to live abroad during their retirement. This is just under a 10 per cent rise on the results of the same deVere poll carried out 12 months ago.
deVere Group has
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premium
January 19, 2015
News that Malta-based QROPS (Qualifying Recognised Overseas Pension Schemes) will benefit from the same flexibility as UK-based pensions following recent modifications to local pension regulations, should, I believe, be welcomed with open arms.
News that Malta-based QROPS (Qualifying Recognised Overseas Pension Schemes) will benefit from the same flexibility as UK-based pensions following recent modifications to local pension regulations, should, I believe, be
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premium
August 14, 2014
Following reports this week that George Osborne is looking into introducing measures to force British expatriates to pay tax on income earned in the UK, I have publicly stated that I believe this will lead to many people severing financial ties with the country. Following reports this week that George Osborne is looking into introducing measures to force British expatriates to pay tax on income earned in the UK, I have publicly stated that I believe this will
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premium
March 21, 2013
Britons on the cusp of retirement were dealt a crushing blow yesterday, as George Osborne announced in his 2013 budget that the Bank of England’s controversial quantitative easing programme would remain in place. Britons on the cusp of retirement were dealt a crushing blow yesterday, as George Osborne announced in his 2013 budget that the Bank of England’s controversial quantitative easing programme would remain in place.
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premium
February 21, 2013
An increasing number of Britons are continuing to move their money out of the UK and into Qualifying Recognised Overseas Pension Schemes (QROPS). Over the past year, the deVere Group transferred 35 per cent more pension funds from the UK into the HMRC-recognised schemes, than it did in 2011.
An increasing number of Britons are continuing to move their money out of the UK and into Qualifying Recognised Overseas Pension Schemes (QROPS). Over the past year,
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premium
December 12, 2012
QROPS changes 2013
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The Draft Finance Bill add's a few new reporting requirements, including an obligation for scheme administrators that every five years they notify HMRC that their scheme continues to meet the conditions to be a QROPS. The Draft Finance Bill add's a few new reporting requirements, including an obligation for scheme administrators that every five years they notify HMRC that their scheme continues to meet the conditions to be a QROPS.
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