New QROPS Legislation. QROPS Rules. There are new QROPS rules coming into place for UK expats living abroad who want to avoid paying UK taxes through a QROPS structure. The new legislation has come into effect already. New QROPS Rules and Legislation 1) Lifetime allowance is changing from £1.8m to £1.5m, thus, an additional £300,000
This is a sad and depressing story of how the Inland Revenue (HMRC) have treated a woman in her 60’s, whose pension fund was untouched and who was diagnosed with a critical illness. She never elected to take her pension within the 2 years she had left to live, even though she was nowhere near
Avoiding Inheritance Tax If you are a British expat, avoiding inheritance tax is a top priority whilst considering estate protection for the family. This can be done easily through a QROPS transfer. The new Conservative/Liberal Democrat coalition has introduced some sweeping tax changes, but conspicuous by its absence was the Tories’ proposed increase in the
Thailand…..the amount you can transfer offshore without having to fill in the foreign exchange
transaction forms has increased from US$20,000 to US$50,000
Thailand Bank Charges and Thailand Banking Tips New fees from the 1/1/2011: Thai Bank ATM Charges Same-bank ATM transfers across provinces will be free once a month but will be liable to a fee of no more than 15 baht thereafter Same-bank ATM withdrawals across provinces will be subject to fee of no more than
Investors in the Beazley Consulting Pension Scheme, a Hong Kong-based QROPS, face losing more than half their pension after HMRC declared the scheme was not a genuine QROPS.