Retirement

Retirement | 2 Jul 13

HM Revenue & Customs has admitted to a “problem” in relation to the list of registered Qualifying Recognised Overseas Pension Schemes it published last night, which shows more than 430 schemes missing.

Retirement | 2 Jul 13

HM Revenue & Customs has removed 432 schemes from its list of registered Qualifying Recognised Overseas Pension Schemes.

Retirement | 27 Jun 13

Global Fiduciary Solutions has launched a Hong Kong-domiciled QROPS which, as a corporate master trust, offers investors a 0% rate tax deducted at source and no 55% tax on death benefits when in drawdown.

Retirement | 21 Jun 13

HMRC was forced to concede a humiliating defeat today as it made an application to withdraw its case against a group of investors in the ROSIIP QROPS who had challenged HMRC’s earlier decision to delist the scheme and seek charges of up to 55% on their pensions.

North America | 20 Jun 13

First American expatriates were told that their bank accounts weren’t welcome. Now, it seems, Americans’ tax-deferred retirement accounts are also increasingly unwanted by US financial institutions, unless these accounts are of significant size.