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Latest Newsmore»

  • Pension income planning
    28.04.2015
    ———— The future of pension income planning – not just final salary schemes! Upon hearing the liberations in pension legislation – mainly the flexibility over taking pension income, the financial press were fast to announce the end to lifetime pension annuities, but surely they do still have a place in the market? Many clients are now looking to transfer their final salary plans in order to take advantage of private …

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Gibraltar QROPS

Gibraltar QROPS

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.

Please also take a look at our QROPS FAQs or download our free QROPS advice

 

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