Unusually for a British overseas territory, Gibraltar is considered a member of the EU for many sectors – including financial services – and now is known as one of the most regulated financial centres in the world.
Specifically for pension transfers, a Gibraltar QROPS enjoys flexible administration and a structure which matches all relevant UK standards.
It is also one of a small number of jurisdictions to have received formal notification from HM Revenue and Customs that its QROPS meet the UK requirements.
In order to see this continue, the Gibraltar Association of Pension Fund Administrators has introduced a compulsory Code of Practice to ensure all schemes are 100% compliant.
To learn if a Gibraltar QROPS is the right option for you, please contact us.