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Gibraltar Proposes Law Change To Offer UK QROPS 5/15/2012 The Gibraltar government has published a Bill that would amend the territory's
legislation to allow local practitioners to offer Qualifying Recognised Overseas
Pension Schemes under a regime compliant with new rules set by the UK tax authority,
HM Revenue and Customs.
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Guernsey 'Singled Out' In UK QROPS Change 4/17/2012 Guernsey Finance, the promotional agency for the island's financial services
industry, has condemned the UK tax authority's decision
to remove almost all Guernsey Qualifying Recognised Overseas Pensions Schemes from its updated list,
describing the move as an 'unjust attack on the island'.
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Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change 4/12/2012 The UK tax authority, HM Revenue and Customs
has indicated that tax
relief available on pension transfers, under so-called Qualifying Recognised
Overseas Pension Scheme structures, will no longer be available unless the Scheme
is offered within the territory in which the expatriate is newly resident, putting
a multi-million offshore industry at jeopardy.
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Jersey Responds To QROPS Change With New Offering 4/11/2012 The Jersey government has announced the launch of a new Jersey-based pension scheme,
the Recognized Pension Scheme, which provides a structure compliant with UK law following changes to UK rules regarding
Qualifying Recognised Overseas Pension Schemes.
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Gibraltar Government To Back Finance Industry 3/23/2012 To mark one hundred days in office, the Gibraltar government has made a number
of pledges that it will fulfil during its term, many of which are pertinent
to taxpayers and the financial services sector.
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UK QROPS Proposals 'Grossly Unfair On Guernsey' 2/29/2012 Changes to tax regulations that aim to clamp down on the mis-selling of qualifying recognized overseas pension schemes will disproportionately affect Guernsey, which has a completely clean QROPS record with the UK tax authority, HM Revenue and Customs, according to a leading Guernsey QROPS provider.
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UK Consults On Changes To QROPS Taxation 12/13/2011 The UK has published for consultation draft legislation which will overhaul the system for the transfer of pension savings to qualifying recognised overseas pension schemes.
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Abacus Launches Bespoke IoM QROPS Scheme 9/14/2011 Leading fiduciary services provider, Abacus Trust Company Limited, has announced the launch of their new Isle of Man Qualifying Recognised Overseas Pension Scheme product, which offers certain tax advantages to UK expats or British residents considering leaving the UK.
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Fairbairn Trust Recognized For QROPS Offering 6/30/2011 Guernsey-based The Overseas Pension, the QROPS from Fairbairn Trust has scooped Professional Adviser’s International Fund and Product ‘Best QROPS Provider 2011’ Award.
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UK Approves IoM QROPS 6/29/2011 Pensions written under Isle of Man 50C pensions legislation are now appearing
on the list of Qualifying Recognized Overseas Pension Schemes shown on the UK tax authority's website, following completion of
a review by HM Revenue and Customs. The announcement further strengthens the Isle of Man as a
leading QROPS jurisdiction.
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UK Tightens Pension Tax Rules 5/27/2011 The UK has launched two major new pensions tax policy initiatives, engaging in public consultation over plans to overhaul the rules on employer asset-backed contributions to certain pension schemes, and publishing draft legislation aimed at closing a loophole for UK residents transferring pension savings overseas.
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Investors Reassured After HMRC's QROPS Attack 5/4/2011 Investors should not be deterred from investing via a Qualified Registered Overseas Pensions structure after the UK tax authority, HM Revenue and Customs, closed a tax loophole created by a new double taxation treaty with Hong Kong, according to a leading offshore pension provider.
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UK Targets Overseas Pension Tax Loophole 4/8/2011 The UK has extended its crackdown on overseas tax avoidance with the closure of what the Treasury has labelled an unintended loophole for UK residents transferring pension savings overseas.
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Guernsey QROPS Code of Practice Published 4/7/2011 The Guernsey Association of Pension Providers has noted the publication of
a 13-page Code of Practice document, on March 31, as a guide to best
practice on the operation of Qualifying Registered Overseas Pension Schemes in Guernsey.
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Guernsey Finance Endorses QROPS Code 2/9/2011 Guernsey Finance – the promotional agency for the island's financial
services industry – has welcomed the publication of a new code of practice
for local Qualifying Recognized Overseas Pension Schemes providers as
demonstrating the island's commitment to excellence in pensions.
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Guernsey Association Publishes QROPS 'Best Practice' 2/3/2011 The Guernsey Association of Pension Providers has published a Code of Practice
as a guide for members on best practice in the establishment and operation of
Qualifying Registered Overseas Pension Schemes in Guernsey.
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IoM Details New Pension Schemes 11/1/2010 The Income Tax Division of the Isle of Man Treasury have published three practice
notes on changes to the island’s pension schemes.
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Guernsey Launches QROPS Masterclasses 7/30/2010 Following the success of previous topical coverage, Guernsey Finance has announced that
it plans to reexamine Qualifying Recognized Overseas Pension Schemes at ‘masterclasses’
to be held in Manchester, Bristol and Birmingham, in the United Kingdom, in September
and October.
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Dixcart Launches Guernsey Business Centre 7/6/2010 In response to growing demand for office space from companies wishing to demonstrate a physical presence in the jurisdiction, international professional business services organization, Dixcart has opened
a new Business Centre in Guernsey.
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