FORTHCOMING DEVELOPMENT 1: If the UK leaves the EU without agreeing relevant arrangements with the EU, the Occupational and Personal Pension Schemes (Amendment etc.) (EU...
At a very high level, certain provisions of the US Internal Revenue Code of 1986, as amended (the Code), commonly known as FATCA, seek to encourage foreign (ie non-US)...
Why use a QROPS? In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are personal pension schemes or retirement annuities that are marketed for...
Solvency II is a European risk-based solvency capital regime which applies to insurance and re-insurance companies and came into force on 1 January 2016. It replaced...
FORTHCOMING DEVELOPMENT: The Pensions Regulator (TPR) announced an intention to review its codes of practice over 2019/2020 to reflect the Occupational Pension Schemes...
Pension rights may be transferred from one scheme to another. To avoid any adverse tax consequences under the Finance Act 2004 (FA 2004), a transfer from a UK-registered...
There are different categories of overseas pension schemes, with various layers of requirements. These include: • Overseas Pension Schemes (OPS) • Qualifying Non-UK...
Since A-day (6 April 2006), the main elements of the tax regime applicable to overseas employees and other individuals who are members of overseas pension schemes are as...