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HMRC report details French QROPS

Guernsey, Ireland and the Isle of Man remain popular QROPS jurisdictions, with the countries having 143, 91 and 218 QROPS respectively. Other popular jurisdictions are Canada (60) and Germany (30). France has 12 recognised QROPS schemes.

HMRC usually publishes its QROPS list on a bi-monthly basis. However, although it lists the number of new and delisted schemes in each country, it does not report details of the numbers of people choosing to invest in each scheme, nor does it detail the individual, total or average figures invested.

The QROPS list is important because it allows retirement savers to be sure that schemes meet the HMRC criteria.

Talk to an independent international financial adviser to find out more.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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Voluntary tax fails to deliver

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The voluntary contributions strategy was initially mooted as a response to criticisms that Norway’s centre-right government was over-enthusiastically cutting taxes while simultaneously increasing spending.

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Pre-move Spanish wealth management

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However, it is little use making the most of Spain’s wealth management opportunities if your UK-based financial situation is not organised before making the move.

For example, nowadays the UK has various regulations and agreements in place with the European Union which mean that unless you pay off, or legally attend to, your UK debts before moving you could be served with a European Enforcement Order (EEO) – hardly the welcome card expats want when taking up residence in their new Spanish address.

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