What’s so special about an Isle of Man 50c QROPS?

Isle of Man 50c QROPS represent a turning point in offshore pensions for many as they offer enhanced benefits – so here is a look at the financial advantages they offer to retirement savers. The main draw to an IoM 50c QROPS from the rest of the thousands of products offered in the market for […]

Isle of Man 50c QROPS gets go ahead from HMRC

HM Revenue and Customs has signalled the official end of the Isle of Man 50c QROPS review by including another offshore pension provider on the tax man’s list of providers. SiPP Specialists Ltd, based in Douglas, Isle of Man, has launched the SIPP Specialists 2010 scheme and received a QROPS registration number from HMRC. The […]

Race is on to boost QROPS tax-free lump sums

Confirmation that HM Revenue and Customs has given official approval to the Isle of Man’s controversial 50c QROPS opens the floodgates for offshore pension schemes to offer enhanced tax-free lump sums to investors. HMRC has looked long and hard at the Isle of Man’s 50c pension legislation and decided the additional tax free lump sum […]

Isle of Man and Guernsey tussle for QROPS domination

The battle for QROPS domination between the Isle of Man and Guernsey is hotting up as both sides up their game to attract new business. Guernsey led the race for some time but has fallen back since the isle of Man 50c QROPS pension hit the market in October. The IoM 50c pension moved the […]

Isle of Man 50c QROPS is back in business

The Isle of Man 50c Trinity scheme is back on the HM Revenue and Customs list of QROPS pension schemes. The scheme was not included on the last HMRC list published a week ago, apparently because of a ‘clerical error’. Non-inclusion on the list left some pension savers expecting to switch funds to the new […]

HMRC confusion suspends Isle of Man 50c QROPS

Panic set in for some QROPS pension investors switching funds in to the new Isle of Man 50c Trinity scheme after the taxman made a mistake and removed the fund from the  ‘approved’ list. Many prospective QROPS pension savers have expressed interest in the scheme that was launched late last year and offers enhanced draw […]

QROPS providers disagree over IoM S50C tax-free drawdowns

Isle of Man QROPS transfers are still going ahead despite a row between providers over the interpretation of some of the small print relating to tax-free lump sum payments. The IoM government passed new enhanced QROPS legislation only two weeks ago – and already pension and legal experts disagree over the level of tax-free payments […]

Trinity QROPS

The first tailor-made QROPS offshore pension designed to comply with all HM Revenue and Customs rules and the new Isle of Man 50C law was launched today. Trinity, from Isle of Man actuaries and pension specialists Boal & Co, was designed alongside the new legislation that allows pensions, lump sums, and death benefits to be […]

50C Pension

The Isle of Man (IoM) has come out of the corner fighting in a battle to plunder the UK pension pots of expats by offering a new tax friendly QROPS scheme. Guernsey has enjoyed a free and easy ride for a while as queen of the QROPS (Qualifying Recognised Overseas Pension Scheme) as high-earning expats […]