isle of man govt goes public on loss of 50c QROPs
The Isle of Man government has expressed disappointment that its 50c pension schemes can no longer be QROPs.
Retirement
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pension providers hmrc targeted guernsey
An association representing Guernseys pension providers this evening issued a statement saying it was extremely disappointed at the way an HMRC review of QROPS providers had caused the number of the islands qualifying recognised overseas pension schemes to drop to three from 312, with the publication of its latest list, and called for clarification as…
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310 guernsey qrops off new hmrc list
HM Revenue & Customs has published an updated list of registered QROPS, which confirms the de-listing of the majority of Guernsey schemes.
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jerseys plans for non res qrops on hold
Jerseys plans to make it possible to transfer the UK pensions of non-Jersey residents to the island have been placed on hold, pending discussions with HM Revenue & Customs.
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qrops industry surprised by HMRC Guernsey move
News that HM Revenue & Customs is taking a harder line with third country UK pension transfers to Guernsey has been met with surprise by many in the QROPS industry but possibly not as much as might be expected.
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guernsey pension providers call for clarification
The association representing Guernsey’s pension providers has expressed concern over a surprise revelation that HM Revenue & Customs will only permit Guernsey pension schemes which cater for Guernsey residents to appear on its revised list of QROPS providers.
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QROPS only to be for residents, Guernsey says
HMRC has informed Guernsey officials that going forward, Guernsey pension providers will only be permitted to accept transfers of the UK pensions of Guernsey residents, a Guernsey government statement has revealed.
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jersey finally lodges qrops legislation
Jersey authorities today finally lodged legislation that is designed to pave the way for the UK pensions of non-Jersey residents to be transferred there.
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HMRC formally issues QROPS guidance
HM Revenue & Customs yesterday published a 21-page QROPS guidance paper that bore an uncanny resemblance to a 19-page document that, briefly, appeared on the Revenues website earlier this month.
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boal co to temporarily de list trinity qrops
Isle of Man-based Boal & Co. is to temporarily de-list its Trinity QROPS as a result of changes to the QROPS legislation published last week.
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guernseys new pensions regime explained
The dust began to settle on Monday on Guernsey, with an end to the islands pensions industrys race against the clock to install a new pension scheme, ahead of a deadline set almost four months ago by HM Revenue & Customs.
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guernsey enacts new pension regime
As expected, Guernseys State Legislative Committee yesterday approved a proposed new pension regime aimed at enabling the island to continue to look after UK pensions transferred there by those leaving the UK for good.