{"id":226,"date":"2017-03-14T13:37:32","date_gmt":"2017-03-14T13:37:32","guid":{"rendered":"http:\/\/www.opesfidelioifa.eu\/blog\/?p=226"},"modified":"2017-03-14T13:37:32","modified_gmt":"2017-03-14T13:37:32","slug":"feedback-on-the-qrops-25-tax-shock-announcement","status":"publish","type":"post","link":"https:\/\/opesfidelioifa.eu\/blog\/feedback-on-the-qrops-25-tax-shock-announcement\/","title":{"rendered":"Feedback on the QROPS 25% tax shock announcement"},"content":{"rendered":"<p>James Pearcy-Caldwell, CEO of the Aisa Group that includes the OpesFidelio network, made these comments to International Adviser in reaction to last week&#8217;s shock announcement from the Chancellor that there would be the imposition of a 25% tax on QROPS transfers under certain circumstances.<\/p>\n<p>http:\/\/www.international-adviser.com\/gallery\/1034708\/industry-views-qrops-hammer-blow\/page\/2<\/p>\n<p>There are though specific conditions under which the 25% tax charge is applicable, HMRC&#8217;s website stating that:<\/p>\n<p>&#8220;Exceptions will be made to the charge, allowing transfers to be made tax free where people have a genuine need to transfer their pension, where:<\/p>\n<ul>\n<li>both the individual and the pension scheme are in countries within the European Economic Area (<abbr title=\"European Economic Area\">EEA<\/abbr>) or<\/li>\n<li>if outside the <abbr title=\"European Economic Area\">EEA<\/abbr>, both the individual and the pension scheme are in the same country, or<\/li>\n<li>the <abbr title=\"qualifying recognised overseas pension schemes\">QROPS<\/abbr> is an occupational pension scheme provided by the individual\u2019s employer<\/li>\n<\/ul>\n<p>And in addition, if the individual\u2019s <strong>circumstances change within 5 tax years of the transfer, the tax treatment of the transfer will be reconsidered.<\/strong> The changes will take effect for transfers requested on or after 9 March 2017.&#8221;<\/p>\n<p>See more at: http:\/\/www.international-adviser.com\/gallery\/1034708\/industry-views-qrops-hammer-blow#sthash.Va8qHZGC.dpuf<\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Pearcy-Caldwell, CEO of the Aisa Group that includes the OpesFidelio network, made these comments to International Adviser in reaction to last week&#8217;s shock announcement from the Chancellor that there would be the imposition of a 25% tax on QROPS transfers under certain circumstances. http:\/\/www.international-adviser.com\/gallery\/1034708\/industry-views-qrops-hammer-blow\/page\/2 There are though specific conditions under which the 25% tax [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,1],"tags":[],"_links":{"self":[{"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/posts\/226"}],"collection":[{"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/comments?post=226"}],"version-history":[{"count":3,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/posts\/226\/revisions"}],"predecessor-version":[{"id":229,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/posts\/226\/revisions\/229"}],"wp:attachment":[{"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/media?parent=226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/categories?post=226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opesfidelioifa.eu\/blog\/wp-json\/wp\/v2\/tags?post=226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}