QROPS

(redirected from Qualifying Recognised Overseas Pension Scheme)
AcronymDefinition
QROPSQualifying Recognised Overseas Pension Scheme (UK)
References in periodicals archive ?
A joint initiative between fiduciary and fund services expert, Abacus, based in the Isle of Man and Malta and financial services firm, Carey Group in Guernsey, the Falcon Plan QROPS, has been approved in Malta and is listed as a Qualifying Recognised Overseas Pension Scheme (QROPS) having secured approval from HM Revenues and Customs (HMRC) in the UK.
The jurisdiction of the UK Qualifying Recognised Overseas Pension Scheme (QROPS) and your age will also affect how the benefits are taken.
It is possible to get access to up to 40 per cent of it by using a Qualifying Recognised Overseas Pension Scheme (QROPS), something that has been getting considerable press recently - a lot of it bad.
Overseas advisers who are not FCA regulated and transfer pensions into Qualifying Recognised Overseas Pension Schemes (QROPS) will need to pass cases onto UK firms to provide the advice.
These include international investment funds and HMRC-recognised Qualifying Recognised Overseas Pension Schemes (QROPS), which allow expats to avoid inheritance tax and lifetime allowance charges and provide the opportunity to draw a substantial tax-free lump sum.