Mike Morrison clarifies the issues surrounding QROPS?
A few months ago I wrote an article for Retirement Planner (May 2008 issue) on QROPS (Qualifying Recognised Overseas Pension Scheme) as it was rapidly becoming a subject that was raised at nearly every IFA meeting I attended. In that article I only really had the space to examine some of the technical details rather than some of the wider implications of the new scheme. I think the fears of many were realised when HMRC withdrew QROPS status from those schemes that were based in Singapore, the schemes which perhaps had the highest visibility. It is not within the scope of this article to...
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