What’s The Point Of The ROPS List?

HM Revenue & Customs (HMRC) has published 123 lists of overseas pensions that meet the standards as Qualifying Recognised Overseas Pension Scheme (QROPS) since April 2006 – but the list seems pointless as no one checks if the pensions meet QROPS rules. The idea is that managers of qualifying pensions self-certify their schemes meet QROPS … [Read more...]

Can I Transfer My Pension To A Philippines QROPS?

If you are a British expat living in The Philippines who believes switching UK pension into a Qualifying Recognised Overseas Pension Scheme (QROPS) is impossible, then think again. Even though no providers are based in The Philippines, providing you find the right pension to suit your personal circumstances, transferring to a QROPS and taking … [Read more...]

Pension Jargon Buster

Pensions are hard enough to make sense of without having to consider some bamboozling jargon. Here’s a translation of some of the more common terms into plain English: Annuity An annuity is an insurance contract that offers a guaranteed income until from the date of purchase until death. Annuities come in different types – Enhanced … [Read more...]

What’s Happened To My Australia QROPS?

If you transferred a pension from the UK to an Australia Qualifying Recognised Overseas Pension Scheme (QROPS) you may have concerns that a large tax bill is on the way. Even though you may have transferred your pension into an Australian fund listed by HM Revenue & Customs (HMRC) in the UK, you may now find that the provider was not … [Read more...]

QROPS Public Sector Pension Ban May Flout EU Law

The Treasury is working on how to plug a gaping loophole in Qualifying Recognised Overseas Pension Scheme (QROPS) transfer rules for civil servants and public sector workers. Chancellor George Osborne banned transfers from public funded pensions to QROPS with the advent of flexible access freedoms from April 6, 2015 – but overlooked a rule that … [Read more...]

15 Web Sites Giving Support To Expats

It’s easy to feel isolated as a new expat moving to a foreign country, but plenty of online support and advice is available if you know where to look. Facebook and Twitter both have social media channels for expats, but anyone looking for more personal or local advice can turn to a number of specialist web sites run by expats for expats. For … [Read more...]

Pension Freedoms Spark Tax Windfall For Treasury

Flexible access pension freedoms have triggered a tax windfall for The Treasury as retirement savers start to count the cost of drawing down their money. With billions of pounds locked away in pension funds, new rules introduced in April 2015 allow anyone over 55 years old to take some or all of their savings – providing they pay tax on the cash … [Read more...]

HMRC announces more QROPS rule Changes

A new batch of Qualifying Recognised Overseas Pension Scheme (QROPS) rules have been quietly issued by HM Revenue and Customs. QROPS providers were dreading the new rules, but they amount to no more than a number of behind-the-scenes technical and administrative changes that have no impact on retirement savers. The big fear was the … [Read more...]

What expats really think of their home from home

What expats really think of the countries they live and work in has thrown up a few surprises. Not surprisingly some stereotypes are reinforced, like the Germans are viewed as the most trustworthy while French people are the most arrogant. The survey, conducted by the Pew Research Centre, says that Europe is one of the most popular … [Read more...]

Live in Malta and Enjoy a Better Pension

Located just 3 hours from London, Malta is experiencing renewed interest from Brits and other Europeans looking for a better lifestyle. Malta QROPS is identified as one of the top QROPS (Qualifying Recognised Overseas Pension Schemes) tax jurisdictions, Malta also has a lot to offer when it comes to climate, healthy living, safety and … [Read more...]