Overseas retirement now made easier

clock

A-Day (6 April 2006) produced some radical changes in respect of the rules governing transfers from ...

A-Day (6 April 2006) produced some radical changes in respect of the rules governing transfers from UK-registered pension schemes to offshore pension schemes. Individuals wishing to migrate from the UK are now able to transfer their UK pension funds to an overseas pension scheme, provided it is a 'qualifying recognised overseas pension scheme' (QROPS) and it is registered with Her Majesty's Revenue & Customs (HMRC). The scheme rules of the QROPS must be broadly equivalent in terms of treatment to a UK-registered pension scheme, and the QROPS trustee must provide HMRC with information on c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •