QROPS BULLETIN OCTOBER
Contributed by SIPP Specialists Limited
22 October, 2012
Contributed by SIPP Specialists Limited [www.sippspecialists.co.im]
There are a few interesting articles about QROPS this month, but for a change nothing about QNUPS. Gibraltar has followed Malta in issuing a code of practice for QROPS providers based there. They are clearly taking their hard won reinstatement as a QROPS jurisdiction seriously. There are also articles about increased tax takes BY HMRC from UK expatriates and the supposed fees earned from QROPS by advisers and others.
There is also a rather vague article about UK expats in the US turning to a new type of QROPS acceptable to IRS. As far as we can see Malta looks like the most likely jurisdiction for this because of its more recent DTA with US but it is very much a case of doing your due diligence and taking specialist tax advice for every client.
We have to say we have not written these articles nor do we endorse or agree with them. We think that as an extract from the many articles we read these seem to us to be most interesting.
We are providers of QROPS and QNUPS in a number of jurisdictions.
If you would like to discuss any of this with us please dont hesitate to contact us on firstname.lastname@example.org
Mark Knight, DipFS
- Article detailing new code of practice for Gibraltar QROPS Providers
- Article outlining purported fee/commission income earned from QROPS
- Article explaining HMRC increased tax take from expats
- Article about British expats in US and QROPS
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