QROPS - Qualifying Recognised Overseas Pension Schemes were introduced in 2006 as part of a major overhaul of Britain\'s pension framework, aimed at simplifying pension transfers to another country. New legislation was passed by the UK tax authority, HM Revenue and Customs (HMRC), in order to comply with an EU directive that pensions be free to move across Europe\'s borders. This ruling means that individuals, wishing to retire to countries such as France, Spain and Portugal can effectively take their UK pension funds with them: http://www.axis-finance.com/what-are-qrops.php
Who can apply for a QROPS?
A QROPS is specifically designed to allow anyone, not intending to retire in the UK, to transfer existing and frozen UK pension plans into a more appropriate retirement vehicle.
Individuals who are, or have been members of a UK registered pension fund and are currently living outside of the UK, or intending to leave the UK on a permanent basis, can consider transferring their retirement fund into a QROPS: http://www.axis-finance.com/qrops-living-in-France
Transfers to QROPS
The UK Government allows transfers to QROPS to be made free of UK tax. Their aim is to simplify the affairs of individuals leaving the UK on a permanent basis and to encourage them to continue saving in order to provide an income when they retire. There is no official limit to the amount of funds that may be transferred to a QROPS: http://www.axis-finance.com/qrops-France-pension-transfers
QROPS - HMRC Rules
What makes a scheme a QROPS?
In order to transfer your UK pension into a QROPS, it is necessary for the overseas pension scheme to be accepted by HMRC. The criteria outlined by HMRC for an overseas scheme to qualify as a QROPS include:
- The pension scheme must be established outside of the UK
- It must be recognised for tax purposes in the country where it is located
- It must be regulated in the country in which it is established
Age that benefits can be taken from a QROPS
The QROPS regime mirrors that of a regulated pension scheme in the UK. Benefits, including lump sum payments, from the transferred funds may not be distributed earlier than the normal retirement age of 55, if an individual has been a non-UK resident for less than five complete tax years: http://www.axis-finance.com/qrops-living-in-France-HMRC-Rules
QROPS Reporting requirements
HMRC should be notified if a payment is made within the first five tax years of a member becoming non-UK tax resident. Any benefits paid before five complete tax years of non-UK residency and not in accordance with UK Pension rules will be deemed an unauthorised payment.
The scheme manager does not have to notify HMRC if the payment is made 10 or more years after the day of the transfer that created the QROPS fund for the \'relevant member\', provided that the person is non UK resident for the duration of this period. This 10 year \'bracket\' for reporting payments took effect as of 6 April 2012.
QROPS List
When transferring your UK pension to a scheme overseas, it is important to check that the scheme meets the conditions to be a qualifying recognised overseas pension scheme (QROPS). Not all transfers to overseas or offshore schemes are QROPS transfers; it is therefore essential to verify that the scheme receiving your UK benefits is on the QROPS list published by HMRC, otherwise a transfer will be treated as a transfer to a non-qualifying overseas scheme and substantial penalties may be applied by HMRC at the time of transfer: http://www.axis-finance.com/qrops-list-living-in-France
How do I know if it is a legitimate QROPS scheme?
QROPS approved plans that agree to have their details published are listed on the HMRC website. A UK Pension administrator will confirm a QROPS listing before agreeing to a transfer. If not listed, the administrator will contact HMRC
Amway Norteamérica está buscando a los 10 jóvenes emprendedores de cambio más sobresalientes de los EE.UU. y Canadá para darles la oportunidad de amplificar su impacto en el mundo a través del Desafío Who Cares de Amway: Concurso de Liderazgo Juvenil. El concurso se anunció hoy durante el We Day Seattle y otorgará $10,000 a cada uno de los 10 ganadores, que pueden otorgar a la organización sin fines de lucro de su elección y les proporcionará el apoyo de un mentor de la organización caritativa internacional y su aliado educativo, Free the Children, para ayudarlos a llevar a cabo su visión.
Para más, vaya a http://www.multivu.com/mnr/55824-amway-announces-who-cares-challenge-youth-leadership-contest/es
For one extraordinary night, and in an unprecedented manner, seven Cirque du Soleil Las Vegas resident productions became one for ONE DROP, the non-profit organization established by Cirque du Soleil Founder Guy Laliberté.
To share the experience around the world, an exclusive broadcast of the full-scale production is available for online viewing at ONEDROP.org through March 31, with a donation of $5 or more to ONE DROP.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60862-one-drop-cirque-du-soleil-world-water-day-global-philanthropy-event
Spend the day enjoying the Hummer Tours to Grand Canyon, Hoover Dam, Lake Mead, Lava Butte and Rainbow Gardens. The Hummer Tours in Las Vegas is fabulous journey for those people who adore adventures. Order online City Vip Concierge
World Water Day is March 22, and the children and youth of Children International are celebrating around the world. They know firsthand the difference clean, accessible water can make in their lives.
Some of them also know what it feels like to make clean water available to others. In 2012, the youth of Children International in Lusaka, Zambia, dedicated their Youth Empowerment Fund to extend the supply of clean, piped water to the poor community of Chibolya.
To view Multimedia News Release, go to http://www.multivu.com/mnr/57995-children-international-world-water-day
Today Safe Kids Worldwide released a new research report that found kids are getting into medicine at an alarming rate. Every minute of every day, a poison control center receives a call about a potential medicine poisoning for a child age five and under. And 67,000 times each year, or every eight minutes, a young child goes to the emergency room for medicine poisoning. This is a 30 percent increase over the past ten years.
In its report entitled An In-Depth Look at Keeping Young Children Safe Around Medicine, Safe Kids examines data from the U.S. Consumer Product Safety Commission, information from poison control centers and findings from several focus groups among moms. The report reviews what is happening in households that leads to these disturbing numbers and offers parents simple things they can do to protect their children.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60845-safe-kids-worldwide-keeping-young-children-safe-around-medicine
Daniel Bostic is a 19 year old actor and model. The native of Charleston, South Carolina has appeared in several projects including LifeTime TV’s “Army Wives,” David Anspaugh’s “Little Red Wagon” and the acclaimed short film “Gone For The Day.” Daniel has also appeared in various commercials and stage productions in the Lowcounty as well as several print projects.
Daniel Bostic is a 19 year old actor and model. The native of Charleston, South Carolina has appeared in several projects including LifeTime TV’s “Army Wives,” David Anspaugh’s “Little Red Wagon” and the acclaimed short film “Gone For The Day.” Daniel has also appeared in various commercials and stage productions in the Lowcounty as well as several print projects.
Daniel Bostic is a 19 year old actor and model. The native of Charleston, South Carolina has appeared in several projects including LifeTime TV’s “Army Wives,” David Anspaugh’s “Little Red Wagon” and the acclaimed short film “Gone For The Day.” Daniel has also appeared in various commercials and stage productions in the Lowcounty as well as several print projects.
Come join us in Ireland this St. Patrick’s Day. Soak up the atmosphere, walk in the parade and be part of Ireland’s special celebrations for the Gathering 2013.
The St. Patrick’s Festival is the highlight of Ireland’s cultural calendar — a celebration of music, song, dance and of course, on March 17th, the stunning St. Patrick’s Day parade through the historic streets of Dublin.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60679-tourism-ireland-st-patricks-day-be-part-of-the-gathering-streets-of-dublin
mark. Brand Ambassador Ashley Greene joined advocates on Capitol Hill in Washington, D.C. for a congressional briefing to announce data from the “NO MORE Study: Teens and Young Adults,” funded by m.powerment by mark., managed by the Avon Foundation for Women. The results of the study – which explored attitudes toward, and experience with dating abuse, partner violence, and sexual assault among teens and young adults – clearly underscore the need to educate young people so they recognize the signs of abuse and how to safely intervene to help end it.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60624-avon-mark-and-ashley-greene-no-more-campaign-dating-abuse-study-results
As I'm approaching the time of certain eviction, I've been proving to myself what a little pressure can do to get the creative juices flowing and I am somewhat amazed by how quickly I have been creating and organizing enough videos that would have normally stretched out the span of this year and probably throughout 2014, all inside the time frame of a month. Particularly in the case of this song which is one of several songs that I have been working on that are somewhat more complex and exhibit my full potential as a musician. This song would have normally taken me a full year to compose and like some of my other prouder creations, I figured that there just was no time left for me to complete this kind of composition. Although admittedly I did rough it as I wrapped up the song in a day and took about one hour on the video but I think that with this one, I have successfully achieved my goal. I can always redo this at a later time when I get resettled and back in the groove.
