Retirement Planning
This article aims to provide generic information for financial advisers about the features of Qualifying Recognised Overseas Pension Schemes, transferring into Qualifying Recognised Overseas Pension Scheme and tax reporting to UK HM Revenue & Customs.
This article aims to provide generic information for financial advisers about the features of overseas pension schemes that also meet the Qualifying Non-UK Pension Schemes regulations
Inside Retirement Planning
QROPS
- Qualifying Recognised Overseas Pension Schemes rules and reporting
This article aims to provide generic information on how an overseas pension scheme can qualify as a Qualifying Recognised Overseas Pension Scheme, what undertakings such schemes must make to UK HM Revenue & Customs and the requirements on UK registered pension scheme transferring pension funds to Qualifying Recognised Overseas Pension Scheme.
- Transfer Value Analysis System reports
This article explains what transfer value analysis system reports are, their purpose and when you may need to obtain one in connection with a Qualifying Recognised Overseas Pension Scheme.
- Transfers into Qualifying Recognised Overseas Pension Schemes - things to consider
This article aims to provide areas for financial advisers to consider when advising clients on transferring a UK pension into a Qualifying Recognised Overseas Pension Scheme.
- Qualifying Recognised Overseas Pension Schemes and Chargeable Events
This article explains our UK tax reporting obligations as an offshore insurance company in respect of Qualifying Recognised Overseas Pension Schemes investing into our offshore bonds. It also explains our understanding of the taxation of the offshore investment bond held by a Qualifying Recognised Overseas Pension Scheme where the member has subsequently become UK resident.
- HMRC issues legislation to clarify position on Guernsey s157E schemes
This article confirms that Guernsey overseas pensions which are subject to the new Guernsey Income Tax law - section 157E of the Income Tax Law (Guernsey) 1975) will only be recognised as Qualifying Recognised Overseas Pension Scheme for Guernsey residents.
Other Topics
- Inheritance tax (IHT) charges on pension death benefits
This article explains the facts and implications of an IHT and pension case of DM Fryer & Others (Personal Representatives of Patricia Arnold Deceased) v HMRC FTT [2010] UKFTT 87 (TC), TC00398. This is provided as historical reference as it has been superceded by the changes announced on 9th December 2010.