Tag Archives: Qualifying Recognized Overseas Pension Scheme
What is a QROPS

What is a QROPS?

This is the Wikipedia definition of a QROPS. A Qualifying Recognised Overseas Pension Scheme, or QROPS, is an overseas pension scheme that meets certain requirements set by HM Revenue and Customs (HMRC). A QROPS can receive the transfer of UK Pension Benefits without incurring an unauthorised payment and scheme sanction charge. The QROPS program was […]

2 Comments Continue Reading →
offshore ifa, expat financial adviser, qualifying recognized overseas pension scheme.

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 […]

Leave a Comment Continue Reading →
Qualifying Recognized Overseas Pension Scheme - News for UK Expats

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 […]

Leave a Comment Continue Reading →
Qualifying Recognized Overseas Pension Scheme - News for UK Expats

QROPS Update – Isle of Man Announcement

The Isle of Man’s pension industry has finally broken its silence on the impending change to QROPS legislation, making only their second official comment since the proposed changes were announced in December last year. In a statement that doesn’t actually say much they announce that they have drawn up “a number of options” to deal […]

Leave a Comment Continue Reading →

Get every new post delivered to your Inbox.

Join 89 other followers