Retirement
Retirement | 11 Dec 12
relief as treasury makes only minor changes
The global QROPS industry breathed a collective sigh of relief this morning as HM Treasury released a Draft Finance Bill that contained only a relatively minor increase in reporting requirements for administrators of overseas pension schemes.
Retirement | 10 Dec 12
sovereign launches its first malta qrops and lite
Sovereign has launched a new Malta-domiciled QROPS, its first based in the jurisdiction, as well as a “lite” version of its Gibraltar based Calpe Retirement Benefit Scheme.
Retirement | 30 Nov 12
new zealand qrops face potential 33 tax rate
Pension transfers from overseas schemes into New Zealand, including QROPS, may be subject to an “effective tax rate” of up to 33% if proposed changes to the country’s tax legislation go ahead.
Retirement | 28 Nov 12
new zealands evergreen qrops temporarily
The Evergreen Retirement Trust, a registered New Zealand superannuation scheme which benefits from being classified as a QROPs, has been “temporarily suspended” from HM Revenue & Custom’s list of such qualifying recognised overseas pension schemes, trust director Simon Swallow today confirmed.
Retirement | 27 Nov 12
kleinwort benson sells former close qrops business
Kleinwort Benson is to sell all of the offshore retail and pensions trust business it acquired from Close Brothers in 2011 to QROPS and QNUPS specialist, Overseas Trust and Pension.