QROPSQualifying Recognised Overseas Pension Scheme (UK)
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The Woodbrook Group has qualified professionals who can offer advice on QROPS which, you can rest assured, we will fulfil all the legal requirements.
"The announcement of the pension transfer tax in the latest UK Spring Budget has largely killed the QROPs market and this will affect any transfers from March 2017 moving forward.
A QROPS is an overseas pension scheme allowed to receive transfers from UK registered pension schemes.
QROPS have experienced a year-on-year growth since they were introduced in 2006, and are set to become even more in demand as knowledge of their vast benefits increases.
A hot new financial topic in the expatriate world comes from the UK, namely QROPS. An abbreviation for 'Qualified Retirement Overseas Pension Schemes' it's an intriguing tax savings retirement investment plan available in Switzerland to expats who have worked in the UK.
In the UK, for example the standard scheme for moving a UK pension offshore is called QROPS. Since you probably aren't even sure how to pronounce it, it follows that you won't know how to manage it either.
She advises individuals who are moving to or from the UK and also advises on offshore trusts, offshore pensions (including QROPS and QNUPS) and other international structures (such as EBTs and EFRBS).
A It is possible to transfer a UK pension scheme overseas under what is known as Qualified Recognised Overseas Pension Scheme (QROPS) legislation.
Expat Pension Providers, which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non UK Pension Schemes (QNUPS), has taken on Debbie Dutton has joined the firm as office and business development manager.
MANAMA: Expatriates living in Bahrain who have worked in the UK could make major savings by transferring their occupational pensions to a qualified recognised overseas pension scheme (QROPS).
The STM board views the acquisition as a straight forward "bolt-on" to STM's Malta business, complementing the existing circa 7,500 QROPS members and delivering recurring annual revenues in excess of GBP 0.8 m per annum.