Specialist lender Paragon Group has launched a retail bond aimed at investors who want an indirect way of accessing the UK’s buoyant buy-to-let housing market as well as those who are seeking a higher yield from their capital. The lender, which both securitises the lending its makes, as well as managing portfolios for third parties, […]
Archive | QROPS RSS feed for this archive
Five investments that helped your parents retire early
The best performer turned £10,000 into £1.47m in 28 years. Emma Wall of the Daily Telegraph on five incredible investments. Read the full article here.
Prophecy QROPS Update
Prophecy Pension Trustees have now agreed the final details of the transfer of all Prophecy SIPP/QROPS schemes to the proposed new pension trustees. This has also now been approved by the Isle of Man Insurance and Pension Authority. The new trustee of the scheme is Baker Tilly Isle of Man Corporate Trustee Limited, the in-house […]
DeVere Warn Against Pension Busting
Ok, I generally don’t agree with these guys, however in this case they are bang on the money. Simply, to ignore HM Revenue & Custom’s warnings over pensions busting schemes is to do so “at your peril”. DeVere & Partners chief executive Nigel Green said people should be very wary of schemes offering to “unlock” […]
An Alternative to QROPS
Ripples have gone through the QROPS (Qualifying Recognized Overseas Pension Scheme) industry in recent weeks, as Guernsey lost it’s QROPS status. Prior to this, Guernsey had been considered to be a premier centre for QROPS. Whilst existing QROPS based in Guernsey will not be impacted, immediately, it places a huge question mark over the long-term viability of […]
QROPS Provider in Liquidation
If you have a QROPS/SIPP with Isle of Man provider Prophecy Pension Trustees Limited, then you will either have just received or be just about to receive a letter advising you of their voluntary liquidation. While this has come as a surprise, it should be nothing to get overly concerned about as the liquidation only […]
QROPS Update – New HMRC Qualifying List Released
HMRC yesterday published an updated list of registered QROPS which incorporates tax changes surrounding QROPS which came into effect on 6 April. As expected, the new list confirmed the removal of the vast majority of Guernsey domiciled QROPS. Out of the 313 schemes that were listed previously, only 3 remain on the list now. Another […]
Guernsey QROPS: Only ‘Guernsey Resident-Only’ Schemes To Be Approved In Future
A Guernsey government statement this morning has revealed that HMRC has informed them that in future, Guernsey pension providers will only be permitted to accept transfers of the UK pensions belonging to Guernsey residents. This has caused much confusion among Guernsey based QROPS providers and will lead to much discussion in the coming days. What […]
Boal & Co.Temporarily De-list Their Trinity QROPS
Isle of Man based Boal & Co. are to temporarily de-list their Trinity QROPS (Qualifying Recognized Overseas Pension Scheme) as a result of changes in QROPS legislation which were finally published last week. The company said it has had to take this decision as the Isle of Man government has not yet put in place […]
Pension Encashment Window Closed
HMRC accidentally published details of its amendments to the Qualifying Recognized Overseas Pension Scheme (QROPS) legislation last week. These details didn’t contain any real surprises and will be finalized in the coming couple of weeks. What they do however is confirm that the window that allowed people to access 100% of their pension money via […]
For a free financial healthcheck contact us today.
- Generali Vision – Cooling Off Period
- What Is Time Apportionment Relief?
- DeVere Warn Against Pension Busting
- QROPS Provider in Liquidation
- What is a UCIS?
- Gold Suffers Worst Monthly Run for 16 Years
- What is a QROPS?
- Week in Focus – One Step Ahead
- Bond of the Week
- Warning: if the taxman gets your bill wrong it’s officially your fault
-
The Expat IFA: Hi Mary, thanks for taking the time to get in touc…
-
Mary: Do I get this time apportionment relief on a Gener…
-
6 Ways To Wreck Your Retirement | Expat Financial Cents: [...] experienced with them. Derivatives, small ca…
-
-
