Forum: Europe / Plaza de Toros
May 12th 2013, 7:48 pm
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Replies: 22
Views: 354
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Forum: Europe / Spain
May 12th 2013, 7:06 am
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Replies: 52
Views: 2,064
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Forum: Europe / Spain
May 11th 2013, 9:19 am
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
Good question. There have been a lot of complaints from UK pension trustees about the lack of action taken by the authorities. On the one hand, trustees have felt unable to stop a suspicious transfer...
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Forum: Europe / Spain
May 10th 2013, 12:00 pm
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
The depressing thing about this is that the police are bound to hand all the evidence to HMRC and the victims will be hit with huge unauthorised payment claims. If they were desperate for cash, then...
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Forum: Europe / Plaza de Toros
May 10th 2013, 8:32 am
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Replies: 22
Views: 354
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Forum: Europe / Spain
May 4th 2013, 12:15 pm
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
There are offshore advisers actively looking for ex-public sector workers to move their pensions to QROPS.
UK IFAs would have a few issues with the regulator if they did the same- as you say, it...
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Forum: Europe / Spain
May 4th 2013, 10:10 am
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
I am assuming you refer to the State Pension in the UK. Others, such as teachers' pensions, fire service etc can be transferred. But it would certainly be questionnable to recommend the transfer of...
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Forum: Europe / Spain
May 2nd 2013, 6:26 pm
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
On a lighter note, I just read this on a Linkedin forum from a pension specialist in Dubai...
"I saw a competitor swimming in the sea recently and then I saw the fin of a tiger shark approaching....
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Forum: Europe / Spain
Apr 29th 2013, 11:37 am
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
@ Qropsreviewer.
You will note I said "potentially", relating to the 7.5% tax on death. Reason being, it depends when you die! The only reason I mentioned it at all, was to point out that tax...
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Forum: Europe / Spain
Apr 28th 2013, 8:09 am
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
If someone has useful information or alerts about QROPS and unethical practices etc., then I see no reason to block all threads on this subject. The issue of " HMRC approval" is but one issue. Firms...
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Forum: Europe / Spain
Apr 27th 2013, 6:38 pm
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
Yep, there is one at the bottom of my screen- There is no escape!
"£100k+ Pension? Over 23,000 Expats Have Benefited From Our Free Guides
Your. QROPSchoices. com/ HMRCapproved"
Why don't HMRC clamp...
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Forum: Europe / Spain
Apr 27th 2013, 10:51 am
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Replies: 52
Views: 2,064
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Forum: Europe / Spain
Apr 26th 2013, 6:16 pm
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Replies: 52
Views: 2,064
Re: Move to Spain. Is it QROPS the best option?
For the sake of correctness-
1. QROPS are not HMRC approved, there is no approval process.
2. If you have not started to draw an income from a UK money purchase plan, then there is no 55% tax charge...
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Forum: Europe / Cyprus
Sep 5th 2012, 2:26 pm
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Replies: 4
Views: 1,115
Re: Cyprus removed from QROPS list
That is an interesting website. I wonder how many times the phrase "HMRC Approved" appears. A case in point... http://www.prycewarner.com/pg-qrops-procedures-33.html
QROPS are not "approved by" or...
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Forum: New Zealand
Aug 10th 2012, 8:49 am
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Replies: 177
Views: 9,683
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Forum: New Zealand
Aug 9th 2012, 5:47 pm
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Replies: 177
Views: 9,683
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Forum: New Zealand
Aug 9th 2012, 5:28 pm
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Replies: 177
Views: 9,683
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Forum: Europe
Jul 31st 2012, 7:25 am
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Replies: 12
Views: 1,500
Re: QROPS
Since QROPS changes were mentioned by the first commentator on here (what is the technical IT term for the person that starts a thread?), I think that this article is very...
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Forum: Europe
Feb 1st 2012, 8:54 am
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Replies: 24
Views: 2,026
Re: Help Needed - International Romance
Long shot, but if she is multi-lingual and speaks Russian she might try some of the international law firms in London as an assistant. I have a friend who is doing well at a law firm in London, her...
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Forum: Europe
Jan 28th 2012, 8:59 am
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Replies: 15
Views: 4,215
Re: How can I watch British TV in Europe
Having sorted out a VPN service, and being abroad for so long, I have just realised that there is not much that I want to watch any more.
I put on Coronation St and only recognised about 2 of the...
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Forum: Europe
Jan 24th 2012, 8:04 am
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Replies: 2
Views: 1,100
Re: Baku - Money/Tax - UK ?
http://www.hmrc.gov.uk/incometax/tax-leave-uk.htm
The rules are on the UK taxman's website.
To summarize
When are you non-resident for UK Income Tax?
You'll be treated as non-resident from the...
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Forum: Europe
Jan 10th 2012, 5:15 am
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Replies: 91
Views: 11,081
Re: QROPS
I can think of a handful of situations, where people might want to act now ( assuming a transfer is the right thing to do in their case).
As for transferring out of a DB scheme. People offshore are...
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Forum: Europe
Dec 27th 2011, 9:40 am
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Replies: 91
Views: 11,081
Re: QROPS
I think this rather depends on the circumstances. So, leaving the benefits in the UK, in this case, does not mean that the funds are heavily taxed. This is why the UK funds are referred to as exempt...
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Forum: Europe
Dec 22nd 2011, 6:09 am
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Replies: 91
Views: 11,081
Re: QROPS
Since the proposed changes are just that, proposals, no one can state what the rules will be in April ( Unless HMRC have already made up their minds and this " consultation period" is just for show).
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Forum: Europe
Dec 17th 2011, 4:16 pm
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Replies: 1
Views: 734
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