QROPS and QNUPS – where are we now?

James Qualtrough | March 11, 2013 | 0 Comments

AO HALL pension expert Paul Buckle is linking up again with a pensions taxation author to look at QROPS and QNUPS and where they are now post-HRMC scruitny.

Mr Buckle will once again be joined at the seminar by Amanda Hardy from London law firm Tax Chambers.

‘In November 2011, AO Hall hosted a very popular seminar analysing the issues and advantages of QROPS and QNUPS. Since then of course, we have had the changes to the QROPS regime which led to the demise of Guernsey’s industry, following HMRC’s rejection of 157E and so 14 months on, the time seems right to look at how things currently stand and what issues remain for those administering QROPS and QNUPS here in Guernsey,’ said Mr Buckle.

Amongst the matters to be considered will be the new reporting requirements to come into effect later this year, the Court of Appeal decision in the Equity Trust case, investment and taxable property, the Schedule 34 rules, and examples of what are or are not unauthorised payments. As part of the review of Schedule 34, the seminar will also look at the migrant member relief rules, which are the post A-day equivalent of the old “corresponding approved” schemes. The seminar will also look at the future of 157E, and other current Guernsey pension issues including what opportunities now remain for Guernsey as an international pensions centre.

Delegates will be given an updated version of AO Hall’s QROPS and QNUPS manual which was last issued after the November 2011 seminar.

The seminar, which is free to attend, takes place on 21^st March and spaces can be booked by contacting Karen Le Blancq on 723723 or emailing karen.leblancq@aohall.com