Global QROPS Ltd Comment in Money Marketing Regarding Gibraltar QROPS
Posted by Simon Harvey on 20/09/09 13:36
The subject of Gibraltar QROPS (Qualifying Recognized Overseas Pension Schemes) is currently a major topic, with the Association of Pension Fund Administrators (APFA) in Gibraltar announcing that the UK’s Her Majesty’s Revenue and Customs (HMRC) are reviewing the technicalities regarding Gibraltar tax.
The outcome of this review is crucial as to whether Gibraltar is a suitable jurisdiction for QROPS.
Global QROPS Ltd understands that transfers to Gibraltar QROPS have been suspended and have suggested, through Money Marketing, to advisers or individual’s looking at Gibraltar QROPS as retirement option, to wait until the outcome of the review before considering a QROPS in that particular jurisdiction.
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