Qrops
Spain bemused by UK’s ‘war talk’ in Brexit row over Gibraltar
Spain has accused UK government officials of “losing their cool” in a row with the European Union over the future of Gibraltar post-Brexit.
Retirement | 31 Mar 17
Gibraltar shuns flexible access in surprise Qrops twist
Gibraltar will not drop its rule that 30% of a Qrops fund can be taken tax free despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes.
Triggering of Article 50 a fresh blow for Qrops
The UK government’s move on Wednesday to kick start the official two-year process for leaving the European Union is likely to be a further blow to a Qrops industry still reeling from the shock 25% charge imposed earlier this month.
Middle East | 27 Mar 17
UK/UAE treaty allows expats to cash out pensions tax free
A new UAE-UK double tax treaty, which came into force on 1 January, means that British expats over 55 residing in the Gulf state can cash out their full pension pot entirely tax free, according to David Denton, head of international technical sales at Old Mutual Wealth.
Retirement | 23 Mar 17
Gibraltar names date for Qrops test regulations to go live
Gibraltar’s government has revealed that it will put in place personal pension regulations “on or before 31 March”, enabling the jurisdiction’s Qrops to retain their status.