overseas trust and pensions enters nz qrops
The Overseas Trust & Pension (OTAP) has launched a New Zealand pension offering both a QROPS and QNUPS solution within a single cost structure.
Qrops
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uk finance bill finally introduces gaar qrops
The UK Parliament today published the Finance Bill 2013 containing a raft of measures aimed at tackling tax avoidance including the country’s first General Anti-Abuse Rule, as well as some expected minor amendments to the reporting requirements for QROPS.
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cutting decisions upcoming qrops changes
UK pension taxation and reliefs are set to undergo significant revision, as announced by the UK chancellor in his Autumn Statement. Here Boal & Co's Gary Boal looks at the impact this will have on QROPS.
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Castle Trust launches Gib qrops smaller pensions
Castle Trust Group has launched a QROPS aimed at clients with pension asset of less than £75,000, joining a small band of other 'lite' charging providers.
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malta sun sea dtas and the eu
Malta has enjoyed a surge in popularity among financial services companies, in the wake of the financial crisis. Hedge funds, pension fund administrators and retiring Britons are relocating there, drawn by its agreeable climate and lifestyle, affordable costs, numerous DTAs, and regulatory infrastructure. Helen Burggraf reports.
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a question of liquidity
Chris Lean, a consultant at Prague-based Square Mile Financial Services, considers the importance of liquidity when advising on self-invested personal pensions and even QROPS
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uk authorities to crack down on pension
The UK’s Pensions Regulator and various other government agencies are to launch a campaign this week aimed at cracking down on companies that entice Britons to access their pension pots before the age of 55.
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finding a qrops that fits
The overhaul of the QROPS legislation last year substantially changed the landscape of the industry. Here Rex Cowley, principal of Newdawn Consultancy, explains what you should look for in a QROPS and how the jurisdictions differ.
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now slovakia qrops vanish from hmrc list
Another country has disappeared from HM Revenue & Customs’ list of QROP schemes, with the removal of all four of the schemes run by an arm of Slovakia’s Tatra bank.
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momentum launches iom qrop scheme
Momentum Pensions, the pensions provider which has operations in both the Isle of Man and Malta, has launched into the open market an IoM QROPS that it says will compliment and replicate its existing Malta-based qualifying recognised overseas pension scheme.
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relief as treasury makes only minor changes
The global QROPS industry breathed a collective sigh of relief this morning as HM Treasury released a Draft Finance Bill that contained only a relatively minor increase in reporting requirements for administrators of overseas pension schemes.
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new zealand qrops face potential 33 tax rate
Pension transfers from overseas schemes into New Zealand, including QROPS, may be subject to an “effective tax rate” of up to 33% if proposed changes to the country’s tax legislation go ahead.