Boal & Co
Retirement | 6 Nov 18
THE PROS AND CONS OF QNUPS
Since HM Revenue & Customs (HMRC) introduced the Qualifying Non-UK Pension Scheme (Qnups) in 2010, there has been much interest but little uptake of these as standalone pensions. Initially, Qnups were regarded as inheritance tax (IHT) planning vehicles. However, the primary purpose must be to provide retirement benefits. The limitations on how these benefits can […]
Best Practice | 28 Feb 18
Two retirement scenarios where a Qnups comes into play
Despite a fanfare at launch, seven years on the Qualifying Non-UK Pension Scheme has not proved hugely popular even though it can offer useful advantages.
PEOPLE MOVES: EFG International, Withers, Boal & Co
EFG International appoints a new chief executive, international law firm Withers appoints London head of immigration and Boal & Co appoints a senior actuarial consultant.
Best Practice | 22 Aug 17
Qrops transfer rights secured but specialist advice essential
The UK government’s decision to make pension transfers into recognised overseas schemes a statutory right has been welcomed by the industry, but experts caution that advisers will need real expertise to ensure clients don’t fall victim to scams.
Qrops market suffers big hit, further falls expected
The number of Qrops transfers in the last financial year dropped to the lowest level since 2010/11 and is expected to fall further on the back of the UK Government’s 25% charge, as the amount of money accessed via the pensions freedoms hits a record high.