Brits planning to retire overseas must start to familiarise themselves with the pension changes due to kick in on 6th April 2015, according to industry analysts. A lack of knowledge could result in thousands of pounds being wasted, with the pension freedoms actually having the potential to be used advantageously as they are extended from […]
QROPS for US Residents
February 16, 2015
QROPS were seen as an impossible dream for US residents with UK-based pensions up until 2010. The reasons for this were mainly based around the reporting requirements to the IRS. Pension trustees used to tend to overlook US residents for QROPS, because of the resources required to fulfil the reporting necessities. The relatively low number […]
QROPS: Pension Liberation Scammers Looking Overseas Now
February 1, 2015
HMRC, the tax man and pension providers have all expressed concern that pension liberation scammers may now be using offshore schemes for their swindle, regardless of whether the saver lives overseas or not. A QROPS is a platform for those who either currently live overseas or plan to within the next 12 months. It offers […]
Malta Continues to Embrace QROPS
January 21, 2015
As a global financial hub, Malta continues to emerge, and pension providers continue to be drawn to the Mediterranean island to set up new schemes. With flexibility, stability and a high level of regulation being among its more prominent features, Malta also benefits from having more than 65 double taxation agreements in place (with more […]
Debate Continues Over QROPS 100% Access Rules
January 13, 2015
The freedom to access 100% of funds with an overseas pension will come into place on 6th April 2015, a move which coincides with the same rule change in the UK. Before the rule comes into play however, there is still many loose ends to be tied up by the Treasury. So far no detail […]
UK Employers Getting Shot of Pension Schemes
December 1, 2014
Expensive staff pensions are falling by the wayside with regularity as companies see them as an expense they can ill-afford, according to research conducted by the Pension Protection Fund (PPF). The PPF is the body which looks after pension holders in the UK, it compensates members of funds with companies which have gone into insolvency, […]
NHS Pensions Transferring to QROPS
November 3, 2014
NHS pension holders are currently the main sector looking to transfer their savings into a more beneficial QROPS, before this option is no longer available. As of April 2015 the door will be shut firmly on any kind of transfer to a scheme developed initially to allow expatriates living away from the UK – or […]
QROPS, The Time is Now
September 28, 2014
Almost every financial publication are covering the public sector pension reforms right now, and amid reports of further sweeping to come following the General Election in May, it is a story that is unlikely to go away any time soon. So exactly what is going on in the public sector? Why are there such a […]
QROPS Demand Set to Increase
August 18, 2014
With yet more unfavourable tax legislation on the way for British expats courtesy of Chancellor George Osborne, overseas financial institutions are bracing themselves for another huge spike in demand for QROPS solutions to help counteract the latest plans of the Exchequer. Although under consultation currently, the proposed plan is to make expats pay tax on […]
Future Pensioners Face Working for Longer
July 26, 2014
Bad news has come for Britain’s youth in the form of a report by the Office for Budget Responsibility (ORB). Charged with providing analysis of the state of the UK pension market, particularly state pensions, the ORB have delivered some shocking results. We all knew the UK pension market was on its knees, but the […]
