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
Global demand for food has never been higher, as populations skyrocket and developing areas of the world strive to feed their citizens. But in the United States, more than one–third of the food produced is never eaten and a new online survey of U.S. grocery shoppers’ attitudes conducted by Harris Poll on behalf of Sealed Air Corporation (NYSE: SEE) shows that food waste in the U.S. is near the top of the list of consumers’ environmental concerns and they are willing to change behaviors if better informed on the issue. The April 2014 study interviewed over 1,000 U.S. adults (aged 18+) who do at least 25% of their household’s grocery shopping (“American grocery shoppers”).
To view the Multimedia News Release, go to http://www.multivu.com/players/English/7270651-sealed-air-2014-food-waste-survey/
Have you been searching for an acid reflux cure that works? Do you get that burning sensation after you eat or that awful taste in your mouth as stomach food comes into your throat?
Luckily you have access to a few acid reflux cure remedies. Whether you have gas or pain from heartburn, there is a remedy close by and available for everyone. You can get rid of that unwanted chest pain, and do it quickly without drugstore remedies – Tums or Rolaids.
At the world's largest trade fair for water sports boot in Düsseldorf everything really has something to do with water. From small lead balls for fishers all the way to unaffordable mega yachts – they have it all. Almost all of the exhibits have one thing in common: They are meant to be safe – above as well as under water.
Spotted: Nick Offerman and his dad Ric fishing in a handmade canoe on a serene and quiet lake, communicating as only fathers and sons do.
Of the experience, Offerman said, “Working with my Dad (aka my hero) was a sincere honor and a treat - especially since all we had to do was go fishing. And if people have enjoyed my stoic expressions, then I expect they’re about to have their hats fly off when they lay eyes on the face of the august edifice from whence I sprung.”
Grab your dad, pour yourselves a glass of Lagavulin and enjoy responsibly.
To view the multimedia release go to:
http://www.multivu.com/players/English/7848951-my-tales-of-whisky-fathers-day/
Abbott announced today that the U.S. Food and Drug Administration (FDA) has approved the Tecnis Symfony® Intraocular Lenses for the treatment of cataracts. The first in a new category of intraocular lenses (IOLs), the Tecnis Symfony lenses are the only lenses in the United States that provide a full range of continuous high-quality vision following cataract surgery, while also mitigating the effects of presbyopia by helping people focus on near objects. The FDA approval includes a version of the lens for people with astigmatism, the Tecnis Symfony Toric IOL.
Cataracts are a common condition, with almost 4 million cataract surgeries performed each year, and that number is expected to increase.1 By age 80, more than half of all Americans either have a cataract or have had cataract surgery.2 However, cataracts do not just impact seniors. In 2016 it is estimated that nearly one in four cataract surgeries will be performed on people younger than 65.1 Many people who have cataracts experience other problems with their vision, such as presbyopia and astigmatism, which the Symfony lenses also address. Presbyopia, which affects most people over age 40, means people have lost the ability to focus on objects up close and often require glasses to perform near visual tasks. Astigmatism is when the cornea is misshapen, which causes blurry or distorted vision.
To view the multimedia release go to:
http://www.multivu.com/players/English/7870151-abbott-intraocular-lenses/
From a Broken land is a new fantasy fiction novel that John Kelly of Cincinnati City Beat says is “highly imaginative, intricately told, and epic in its scope and ambition. It’s an edge-of-your seat action adventure story that will have you rooting for good to prevail over evil.”
From a Broken Land is author William R. Herr’s heroic tale as his characters do battle with an enemy that appears only as shadows and mist. In From A Broken Land, Herr created his own universe of Kings and Soldiers holding back the encroaching blight.
Find our more at http://www.WilliamRHerr.com
Media Contact: For a review copy From A Broken Land or to schedule an interview with William R. Herr please contact Scott Lorenz of Westwind Communications Book Marketing, 734-667-2090 scottlorenz@westwindcos.com. Fantasy
http://orientalfriendfinder.com
Here are 10 of the hottest cosplay chicks ever. Which one do you like best? Enjoy!
Sexy Cosplay Asian Girl - Meet Cosplay Asian Girls
Here are some before and after cosplay photos of Asian cosplayers, some of whom are famous models Hot Asian Girls Cosplay
Every 33 seconds a child under 13 is involved in a car crash in the United States, according to 2014 data from the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA). Safety seats, if used correctly, can dramatically reduce the risk of fatality or injury. But 59 percent of car seats are misused in a way that could reduce their effectiveness, and over one-third of children killed in car crashes were completely unrestrained at the time of the crash. Today, NHTSA and the Ad Council unveiled a new series of public service advertisements (PSAs) to educate parents and caregivers about the importance of selecting the right seat for their child’s age and size, and to remind them that car seats, booster seats and seat belts offer the best protection for children in crashes and help save lives.
“Life can change in an instant. We want parents and caregivers to prepare for the unexpected, rather than face their worst nightmare,” said Dr. Mark Rosekind, NHTSA administrator. “Buckling up a child correctly and in the right seat is the best protection any parent can do to see their child walk away unharmed from a car crash.”
To view the multimedia release go to:
http://www.multivu.com/players/English/7774451-ad-council-find-the-right-seat/
Most of us are living in a city. Actually we do not have much time to walk around the city. Even though when we are willing to walk especially on a beautifully sunny day, we often fail to find a good place for a walk.
However, the cities are changing now. “Walkable Urbanism” has been emerging as a new global standard for urban development. There was a time when wide roads and fast traffic were regarded as key elements to determine a city’s competitiveness. But today, how much the city provides safe and comfortable walking environment is becoming more important. Urban planners from many cities including Copenhagen, London, Paris and Barcelona prioritize pedestrians, and develop diverse ideas about how to make a walkable city.
Seoul is also in line with these global efforts. As the capital of Korea, Seoul has developed and implemented policies to create more pedestrian roads and to make urban regeneration through this. Among others, Won-Soon Park, Mayor of Seoul, is in the lead to transform Seoul into a walkable city.
To view the multimedia release go to:
https://www.multivu.com/players/English/8189051-seoul-korea-seoullo-7017/
Today, Esurance announced a partnership with television’s favorite home renovation brothers, Drew and Jonathan Scott. The duo rhyme, rap and dance through home and auto do-it-yourself hacks in a series of music video ditties. Watch the first video here: www.esurance.com/scottbrothers.
Each funny and wildly-entertaining video features and parodies its own music genre, all the while offering a variety of valuable tips – from determining when to replace car tires to keeping a rug from slipping on wood floors.
To view the multimedia release go to:
https://www.multivu.com/players/English/8062052-esurance-drew-jonathan-diy-ditties/
Chuck E. Cheese’s is giving kids the chance to dance with Chuck E. himself—and grab free tickets while they’re at it. Kids can learn to “Do the Chuck E.,” an original Chuck E. Cheese’s dance, and then perform the dance with Chuck E. during the Ticket Splash every hour on the :30. And now, throughout January and February, Chuck E. Cheese’s is giving away even more tickets.
To view the Multimedia News Release, go to: http://www.multivu.com/players/English/7418851-chuck-e-cheese-dance/
