Job of the week
Latest jobs
Poll
|
|
New look Professional Adviser
The magazine is heavily focused on our Better Business section, which supports advisers in the run-up to RDR and beyond, and Investment.
Coffee Lounge
Not only is there a huge selection of games but why not try your hand at our Daily Sudoku
sponsored by
Comments
QROPS liability to UK tax
Whilst we would agree that QROPS do not pick up from UK legislation the tax-exemptions afforded to registered pension schemes, based upon correspondence we have had with HMRC, the QROPS fund will NOT be subject to RAT. As a non-UK resident entity, the liability of the QROPS trustees will be limited to UK withholding tax deducted at source. The Revenue have further confirmed that even though UK tax resident, the members of a QROPS would NOT be taxed upon the income and gains of the QROPS.
Posted by: Paul Storrie, Sicav Investments