Pensions General
NEW RULES FOR QUALIFYING RECOGNISED OVERSEAS PENSION SCHEMES (QROPS)
16 April 2012
New rules for the QROPS regime took effect from 6 April 2012. HMRC has published an update to the QROPS list.
The Government published regulations on 21 March 2012 that changed the QROPS tax rules with effect from 6 April 2012. As a result of these changes, pension schemes now have to meet changed conditions to be (and to remain) a QROPS. HMRC have updated the list to remove schemes which do not appear to meet the new conditions. Such removal is subject to further review and some schemes that are currently listed may yet report they need to be removed. Such review activity may mean there are more frequent removals of pension schemes from this list in future.
NEW RULES FOR QROPS FURTHER AMENDED
9 May 2012
The new rules for the Qualifying Recognised Overseas Pension Schemes (QROPS) regime which took effect from 6 April 2012 are further amended to include a change to the Income Tax (Guernsey) Law. Regulation 2 amends regulation 3 of the Overseas Regulations so as to provide that schemes established in Guernsey which are exempt pension contracts or exempt pension trusts under section 157E of the Income Tax (Guernsey) Law, 1975 cannot be recognised overseas pension schemes if they are open to non-residents of Guernsey.
New rules for Qualifying Recognised Overseas Pension Schemes (further amended)
Tax Information and Impact Note
SIXTH CORPORATE PLAN FROM THE PENSIONS REGULATOR
23 May 2012
The Pensions Regulator has set out its key areas of strategic focus for the next three years in its sixth Corporate Plan.
Priorities include helping employers prepare for automatic enrolment, working with the pensions industry in the defined contribution (DC) market to deliver good outcomes for members, and helping sponsoring employers and trustees of defined benefit (DB) schemes to work through the particular challenges their schemes face in the current economic climate.
Click here to read the Corporate Plan
PENSION SCHEMES NEWSLETTER
11 June 2012
CIPP Policy News Journal
12/04/2013, Page 266 of 362
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