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Pensions

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QNUPS – your questions answered

This article aims to provide generic information for financial advisers about the features of overseas pension schemes that also meet the Qualifying Non-UK Pension Schemes regulations. Topic:QROPS & QNUPS
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Requirement for advising on a QROPS transfers from a UK Defined Benefit Scheme

Clients will now need expert pensions advice before transferring UK Defined Benefit schemes to a Qualifying Recognised Overseas Pension Scheme (QROPS) which further emphasises the importance of independent advice in this area. Topic:QROPS & QNUPS
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When a QROPS Loses its QROPS status

The impact on clients holding overseas pensions that previously met the Qualifying Recognised Overseas Pension Schemes requirements, but subsequently no longer meet the requirements to be a Qualifying Recognised Overseas Pension Scheme. Topic:QROPS & QNUPS
Analysis

QROPS rules and reporting

How an overseas pension scheme can qualify as a QROPS, what undertakings such schemes must make to UK HM Revenue & Customs and the requirements on UK registered pension scheme transferring pension funds to QROPS. Topic:QROPS & QNUPS
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The overseas transfer charge

The overseas transfer charge rules apply to pension transferred from UK registered pension schemes to QROPS where the request to transfer is made on/after 09 March 2017. Topic:QROPS & QNUPS
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QROPS and Chargeable Events

Our UK tax reporting obligations as an offshore insurance company in respect of QROPS investing into our offshore bonds, and taxation of the offshore investment bond held by a QROPS where the member has subsequently become UK resident. Topic:QROPS & QNUPS
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Bankruptcy and pension scheme benefits

This article outlines the impact on an individual’s pension benefits if they are declared bankrupt. Topic:Planning Solutions
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Comparison of QROPS jurisdictional rules

This table gives a broad comparison of some of the benefits and taxation rules that can be taken from a QROPS that would apply in certain jurisdictions. This is not a comprehensive list. Topic:QROPS & QNUPS
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Transfers into QROPS

This article aims to provide areas for financial advisers to consider when advising clients on transferring a UK pension into a Qualifying Recognised Overseas Pension Scheme. Topic:QROPS & QNUPS
QNUPS and UK Collective Investments

QNUPS and UK Collective Investments

This article explains our understanding of the taxation of the UK collective investments held by a Qualifying Non-UK Pension Scheme where the member is, or has become UK resident. Topic:QROPS & QNUPS
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Considerations of recycling

What is considered recycling? What about the consequences of recycling? This article will look at what recycling is, what can happen if recycling takes place and how to avoid recycling. Topic:Planning Solutions
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Income tax considerations for pensions

Income paid from a UK pension fund will be paid under the Pay-As-You-Earn (PAYE) regime meaning this will be paid after tax has been deducted. This taxation can depend on when and how the withdrawal is being made. Topic:Planning Solutions
QNUPS and UK IHT

QNUPS and UK IHT

This article explains what Qualifying Non UK Pension Schemes are and the current UK inheritance tax position for these schemes. Topic:QROPS & QNUPS
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Main changes to pension rules from April 2016

This article looks at the income tax treatment of trusts created by a UK individual, when their unmarried minor children are beneficiaries of the trust. Topic:General
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Tapered annual allowance – examples

We have put together some simple examples to help explain Tapered annual allowance and how the client may be affected. Topic:Annual Allowance and Carry Forward
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Tapered annual allowance & high earners

From 6 April 2016 the annual allowance will taper to a minimum of £10,000 for those with adjusted income exceeding £150,000. Topic:Annual Allowance and Carry Forward
Completing forms

Non auto enrolement funding options

People overlook pension funding options which may be available to higher earners without breaching the auto-enrolment rules. Here we look at a pre A-Day concept applying to the new pension regime and funding. Topic:Auto enrolment and state benefits
Completing forms

Non auto-enrolment funding options

People overlook pension funding options which may be available to higher earners without breaching the auto-enrolment rules. Here we look at a pre A-Day concept applying to the new pension regime and funding. Topic:Planning Solutions
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Pension Input funding - July Budget 

The attached table outlines the potential options for pension funding under the transitional "mini PIP's" created by the Summer Budget on 8 July 2015. Topic:Annual Allowance and Carry Forward
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Planning to protect your pension - PoA

There are many issues within pensions that need decisions to be made and require a full understanding - something that some may not be capable of as they get older and/or lose mental faculty. Topic:Planning Solutions
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PIP changes - July Summer Budget

Significant changes to pension input periods (PIPs) have been introduced and from 6 April 2016 all PIPs will run in tax years. These PIP start and end dates will not be able to be altered by either the provider or the member. Topic:Annual Allowance and Carry Forward
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Pension rules - care and state benefits

State benefits and care home fees can be affected by how and when pensions are taken - and even if they are not taken. This article looks into some of the effects the new pension legislation could have on these benefits. Topic:Auto enrolment and state benefits
Handing over papers

Pension rules: Care and State benefits

State benefits and care home fees can be affected by how and when pensions are taken - and even if they are not taken. This article looks into some of the effects the new pension legislation could have on these benefits. Topic:Planning Solutions
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Pensions from April 2015 – A summary

As we know, the Government intends that from April next year, individuals from the age of 55 with a defined contribution pension will be able to access their entire pension flexibly if they wish. The following summarises the main changes. Topic:Planning Solutions
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QROPS Q&A

This article looks to answer some of the key questions surrounding what a QROPS is and the rules applying to the way such schemes operate. Topic:QROPS & QNUPS

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