Guernsey fights for QROPS revival

Gavin St Pier, minister for the States of Guernsey treasury and resources told Guernsey's parliament it was crucial for schemes to remain QROPs compliant as part of a robust pension regime. Speaking to Retirement Planner, St Pier said: "Our hope with the changes we are proposing and work with HMRC is to ensure as many of the existing QROPS schemes can be re-listed by the revenue." The proposed changes are as follows: • Removal of the exemption from tax on annuities and lump sums paid to non-resident members of approved retirement annuity schemes and retirement annuity trust schemes...