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21 Mar, 2014
The Budget on 19th March 2014 introduced some major changes to pension provision, which make them more flexible and hopefully more attractive as a long term savings vehicle. Some changes come into force as from 27th March 2014 and some from a later date.
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19 Mar, 2014
There are some very interesting articles among the usual dross this month. New developments include the introduction of new legislation in Gibraltar to introduce QNUPS. This is backed up by an article outlining the effect of the further imminent reduction in UK Lifetime and Annual Allowances
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13 Mar, 2014
To clarify something we said in our February Newsletter anyone can apply for Fixed Protection 2014, not just those who have a pension pot in excess of £1.25. The forms are available online...
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17 Feb, 2014
There is a mixed bag of articles in this months selection. There are interesting articles about the need for full QROPS due diligence both Jurisdiction and Provider...
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11 Feb, 2014
We remind you that the Annual Allowance reduces to £40,000 from £50,000 for the 2014/15 tax year. Unused Annual Allowances from previous years can be carried forward for up to 3 years. The Annual Allowance has been £50,000 since 2011/12...
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07 Feb, 2014
The Cyprus legal system is largely based on common law. Cyprus, as a former British colony, inherited common law doctrines and principles which were codified into legislation when the Republic of Cyprus was established in 1960.
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24 Jan, 2014
We are delighted to advise you that we have now launched two online SIPPs: Acorn Lite, which allows up to 2 regulated investments plus a cash bank account; DFM Platform SIPP, that offers a Discretionary Fund Manager platform...
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16 Jan, 2014
A new year, but the same old issues in the world of QROPS. The selection of articles here highlights the ongoing uncertainty about HMRC and its attitude to QROPS regulation since its recent High Court defeat and subsequent clarification. Our belief is that the uncertainty seems to exist where possible abuse of the rules may have taken place.
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03 Jan, 2014
This article provides a general overview of the Canadian income tax framework relevant to non-resident multinational corporations doing business in Canada directly or indirectly through a partnership. This article does not cover the scenario where the non-resident corporations carrying on a business in Canada through a Canadian subsidiary.
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29 Nov, 2013
Here is a decent spread of articles about the QROPS/QNUPS industry this month, with many offering different insights and opinions. The topic of QROPS for US residents has become increasingly prominent in recent months, and it may be that there are inherent difficulties here. There are advocates of using Malta, who have DTA in place with USA, and also structures using UK SIPPS with US investments. You need to check out all the options cautiously.
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