Monday 12 December 2011

Changes to QROPS Rules 2012. Draft Financial Bill

Changes to QROPS Rules 2012. Draft Financial Bill
New QROPS rules for 2012. Detailed draft legislation has been published, The Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2012, aimed at strengthening the tax rules applicable to QROPS. The changes will be introduced from the 6th April 2012.
The main changes mean that the reporting requirements to the Inland Revenue are now for ten years rather than five years, ending of the

qrops rules

Thursday 8 December 2011

Changes to QROPS Rules Under Consideration

New QROPS Rules

QROPS rules may be changed by the Inland Revenue mainly due to schemes which have been marketed as a 100% cash-in of your pension. Clearly this is not within the 'spirit' of the law. The Government is planning a crackdown on certain Qualifying Recognised Overseas Pension Schemes

qrops rules

Wednesday 7 December 2011

The Ultimate Guide to Pension Transfers for UK Expats - QROPS Specialists

The Ultimate Guide to Pension Transfers for UK Expats
The ultimate guide to pension transfers. If you are looking for the ultimate guide in how to reduce your tax contribution to the UK government as a UK expat you have come to the right place. Not only can QROPS Specialists maximize your pension and minimize tax relief for UK expats, but also help out UK residents condsidering living or retiring abroad in the future. QROPS specialists help UK expats avoid the UK tax man and maximize their pension pot in the process. Even non-UK residents who have worked in the UK can avoid UK taxes though a

ultimate guide to pension transfers

Armed Forces Pension. QROPS Pension Transfer to Avoid Paying UK Taxes

Armed Forces Pension. QROPS Pension Transfer to Avoid Paying UK Taxes
If you no longer live in the UK and you are non-resident for tax purposes and are in the Armed Forces Pension Scheme (AFPS) then you can transfer your pension into a Qualifying Recognized Overseas Pension Scheme (QROPS) in order to avoid paying taxes on your pension in the UK.

If you spend less than 91 days a year in the UK, you are considered a non-resident and can apply for a QROPS pension transfer. This means members of the Armed Forces PensionScheme (AFPS) no longer need to pay any more UK taxes.

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armed forces pension