Gibraltar now benefits from being one of the major financial centres for QROPS. It wasn’t always like this, when it lost its authorised status by HMRC (UK Government) during a period when the UK tax authorities were looking at the tax treatment of pensions held in this jurisdiction.
With the demise of the Channel Island QROPS status, Gibraltar has started to blossom. In consultation with the UK tax authorities Gibraltar has made relevant alterations to its tax laws in order to regain its right to have QROPS trustees operating from their jurisdiction.
Gibraltar now offers schemes that can be very favourable for clients looking for tax efficiency on their pensions. It is a well regulated financial centre which has seen many QROPS providers relocate there to offer the advantages Gibraltar brings.
If you would like to find out more please feel free to contact us at [email protected] and one of our Independent Financial advisors will help you gain a better understanding of what is available to you.