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QROPS Bulletin April

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Contributed by SIPP Specialists Limited
02 May, 2012


Contributed by SIPP Specialists Limited [www.sippspecialists.co.im]

We finally got the confirmation of what it all means as promised and it was more or less as expected. So this edition of the Bulletin was very much pre ordained, apart from the announcement that Jersey is set to join the QROPS ‘community’ (link below)

There are contrasting responses from the various jurisdictions, from Guernsey changing their legislation to be compliant with the new regime, to the Isle of Man taking a more cautious approach and hedging their bets, as outlined in the articles below.

We’ve included a link to the HMRC QROPS Guidance so you can get it ‘straight from the horse’s mouth’, with other articles relating to specific jurisdictions, and a couple of articles giving perspectives across the jurisdictions. There is one more cautionary article which suggests there may well be further changes in the pipeline.

Our stance has always been consistent – observe both the spirit as well as the letter of the legislation and bear in mind that from a jurisdictional point of view, one size does NOT fit all. ESPECIALLY NOW.

We don’t write these articles, nor does their inclusion mean we endorse or agree with the content. We think they are interesting and may provoke thought or conversation

If you want to discuss any part of this, please don’t hesitate to contact us


DOUGIE ELLIOTT

 

Sipp Specialists Limited, St Georges Chambers, 1 Athol Street, Douglas, Isle of Man, IM1 1LD
Tel: 0044 (0)1624 678458
OR: 0151 328 0594
E-mail: consultants@sippspecialists.co.im
Website:  www.sippspecialists.co.im

Sipp Specialists Ltd is registered with the Isle of Man Insurance and Pensions Authority as a Professional Benefits Schemes Administrator




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