Posts Categorized: Uncategorized

Developments in Recognised Overseas Pension Schemes (ROPS)

The rules relating to the taxation and regulation of overseas pension schemes are to be updated so that they are consistent with those of UK pensions. HM Revenue & Customs (HMRC) announced in a recent draft of the Finance Bill that as of April 2017 all recognised overseas pensions schemes (ROPS) located outside of the… Read more »

Will Brexit affect “the pound in your pocket”?

One of Harold Wilson’s most remembered pronouncements was that the devaluation of Sterling by 14% against the US Dollar in 1967 “would not affect the value of the pound in your purses and pockets”. To an extent this was true as few people outside global corporates lived in a multi-currency world, given that everything they… Read more »