Home Tags QROPS

Tag: QROPS

The list below is a collection of articles that refer to, mention or discuss Qualifying Recognised Overseas Pension Schemes or QROPS

QROPS List – May 15, 2018

More than 100 new Qualifying Recognised Overseas Pension Schemes have joined the official listings this year, according to the latest data. HM Revenue & Customs...

Tax Penalties For Saving Too Much In A Pension Triple In...

The amount of tax paid by retirement savers putting too much money into their pensions has tripled after a succession of cuts to the...

Tax Year Change Heralds New IHT Wealth Limits For Families

Inheritance tax changes heralded in by the changing tax year mean you can pass on at least an extra £25,000 of your wealth tax-free...

HMRC May Appeal In-Specie Pension Payment Loss

The UK tax man has decided to carry on the fight after losing a legal challenge against a crackdown on in-specie pension transfers. These transfers...

Brexit Clock Ticking For Expat QROPS Transfers

Brexit is just a year away and expats no little more now about what will happen to their pensions than they did a year...

Brexit May Be A Toxic Mix For Expats And QROPS

Brexit could see the end of tax-free transfers to specialist QROPS offshore pensions for expats. Campaigners are already collecting signatures on a petition to the...

Complaints Keep Rolling In About SIPP Pensions

SIPP pensions are one of the most complained about financial products, according to new statistics. The Financial Ombudsman has released figures for gripes about financial...

QROPS Transfer Charge Petition Protest Is Building Momentum

More than 250 protesters have signed up to a petition demanding the British government scraps the overseas transfer charge on QROPS pensions for expats. Although...

When Do Expats Pay The Overseas Transfer Charge?

The overseas transfer charge is a fiendishly complicated rule that can cost expats up to a quarter of their retirement savings if they make...

Pension Transfer Advice Crack Down May See IFAs Quit

Fewer financial advisers may offer pension transfer advice after a clear warning from watchdogs that all their dealings with clients are under scrutiny. Financial firms...

What Expats Need To Know About QROPS Pensions

If you move overseas, you can take your pension with you by switching to a Qualifying Recognised Overseas Pension Scheme (QROPS). A QROPS is an...

Brexit QROPS Dilemma For British Expats

Expats have a Brexit pension dilemma as the clock ticks down to the UK leaving the European Union. The likely scenario is Britain will officially...

Pension Freedoms On The Way For IoM QROPS

Pension freedoms may be spreading to the Isle of Man soon, according to speculation sweeping the offshore finance centre. The Isle of Man financial services...

QROPS Petition Protest Takes On Overseas Transfer Charge

Expat pension protesters have launched a petition aimed at persuading the government to scrap a massive tax on shifting their retirement savings offshore. Since March...

QROPS List – January 15, 2018

QROPS pensions are opening at the rate of one a day. The market has seen 35 new offshore pensions for expats open in the past...

Hong Kong QROPS Banned By HMRC

British expats living in China have lost the chance to keep their retirement savings in a QROPS offshore pension. The country was serviced by 19...

QROPS List – December 1, 2017

The official list of worldwide QROPS pensions has increased by 11 in the past two weeks – taking the global number to 1,163. The rising...

QROPS List – November 15, 2017

SIXTEEN offshore pensions were added to the HMRC QROPS List over the past 14 days. Worldwide, the number of QROPS grew from 1,136 on November...

No QROPS Pension Changes Until 2020, Civil Servant Reveals

Expats can rest easy with the news that the government is not planning any new QROPS laws until at least 2020. The logjam of Brexit...

QROPS List – October 10, 2017

The special relationship between the USA and QROPS pensions for British expats and Americans with UK pension savings is back on. The USA rejoined the...