UK QROPS Changes Will Affect Jersey Pension Plans
The draft regulations on Qualifying Recognised Overseas Pension Schemes (“QROPS”) (The Overseas Pension Schemes (Miscellaneous) Regulations 2015) (the “Draft Regulations”)) published by HMRC on 19 December 2014 will have an impact on all Jersey pension schemes that have, or wish to achieve, QROPS status from a UK tax perspective and that are not managed by service providers in Jersey who are regulated. To this end Jersey pension schemes that have QROPS status, but fall […]