QNUPS and Downs... | 11 June 2010

Where did QNUPS come from? The term QNUPS effectively came into being in 2008 when the Inheritance Tax Act 1984 (IHTA84) was amended by the insertion of a new clause from the Finance Act 2008 [“qualifying non-UK pension scheme” inserted ...
 
New 55% penalty threat for QROPS transfers... | 04 June 2010

The minimum age at which benefits can be taken was raised from 50 to 55 in the Budget, but those in drawdown aged under 55 prior to April 6 2010 are permitted to continue to do so. However, if under 55s taking benefits transfer into a new scheme, ...
  
Guernsey moves closer to QROPS code of conduct... | 19 April 2010

The sub-committee has been formed by the Guernsey Association of Pension Providers (GAPP) and contains a cross-section of QROPS providers from the jurisdiction. Its aim will be to establish a voluntary code of conduct, with additional input from tax ...
 
HMRC confirms 70% tax bill for QROPS invested in residential property ... | 02 December 2009

QROPS that have invested in residential property face a tax bill of up to 70% after HMRC issued fresh “guidance” on scheme rules. Providers are seeking clarification from the revenue but it is thought the amended regulations will be ap...