The government has confirmed it will change the way qualifying recognised overseas pension schemes (QROPS) are taxed, with the aim of limiting inconsistencies in the tax treatment of UK and foreign pension savings.
The Finance Bill, issued on 5 December 2016, confirmed the government would bring the tax treatment of QROPSs in line with UK registered pension schemes. From 6 April 2017, 100% of the income received...
Scheme pays or not scheme pays?
Platform tools fall short
Report outlined one-off 5% tax on wealth above £500k
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams