QROPS Guernsey. New QROPS Rules 2012
Update on Guernsey QROPS in relation to the HMRC proposed changes:
The Guernsey Association of Pension Providers (GAPP) welcomes the publication today of the proposals by the States of Guernsey to amend its income tax laws on pensions saving to meet the revised UK requirements for Qualifying Recognised Overseas Pension Schemes (QROPS) expected to come into effect on 6th April 2012. While GAPP has raised significant concerns about those changes to HMRC and has recommended that certain aspects be reconsidered, or deferred for further consideration,
QROPS | QNUPS| UK pension transfer specialists. Ethical, professional financial advisers headquartered in Hong Kong. We are always available to answer your questions, email: info@qropsspecialists.com
Monday 30 January 2012
Thursday 26 January 2012
QROPS Guernsey Update. New QROPS Rules 2012
QROPS Guernsey. New QROPS Rules 2012
We have received confirmation that Guernsey intend to introduce a new Guernsey pension regime in light of the new draft QROPS rules in 2012. This will allow for zero tax on pension income as no tax relief will be provided on local contributions. Although it will be open to local residents it is highly unlikely that many locals would actually join the new regime since they will still be able to obtain tax relief on contribution into the existing pension regime, so the new regime will be highly disadvantageous for them. If this new regime is acceptable to
We have received confirmation that Guernsey intend to introduce a new Guernsey pension regime in light of the new draft QROPS rules in 2012. This will allow for zero tax on pension income as no tax relief will be provided on local contributions. Although it will be open to local residents it is highly unlikely that many locals would actually join the new regime since they will still be able to obtain tax relief on contribution into the existing pension regime, so the new regime will be highly disadvantageous for them. If this new regime is acceptable to
Saturday 7 January 2012
EURBS (European Union Retirement Benefits Scheme)
EURBS (European Union Retirement Benefits Scheme)
EURBS stands for the European Union Retirement Benefits Scheme. This is an overseas pension scheme into which certain EU pension rights can be transferred. The Schengen agreement of 1985 allows free movement of goods, persons, services and capital. As such, if you are from an EU member country and working in another country, you may be able to transfer your pension into an EURBS to mitigate tax. EURBS is a type of QROPS pension transfer for Europeans.
[caption id="attachment_41195" align="alignleft" width="300" caption="EURBS European
EURBS stands for the European Union Retirement Benefits Scheme. This is an overseas pension scheme into which certain EU pension rights can be transferred. The Schengen agreement of 1985 allows free movement of goods, persons, services and capital. As such, if you are from an EU member country and working in another country, you may be able to transfer your pension into an EURBS to mitigate tax. EURBS is a type of QROPS pension transfer for Europeans.
[caption id="attachment_41195" align="alignleft" width="300" caption="EURBS European
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