News, Views & Case Studies
Case Studies now available (6th October 2009)
A series of detailed and tailored Case Studies covering Remuneration and Incentivisation Planning are now available on request.
As well as Remuneration and Incentivisation Planning for Executives, a case study has been tailored for professional sports people and sports clubs using a three-staged approach and providing a comprehensive summary of the ultimate tax savings.
Current case studies:
- Remuneration and Incentivisation Planning using QROPS/UKRPS/EFRBS for Executives
- Remuneration and Incentivisation Planning using QROPS/UKRPS/EFRBS for Professional Sporting Companies
- QROPS Based Potential Planning Points
Other Wealth and Tax Planning case studies:
- Effective Retirement (or Employee Departure) Planning using EBTs
- The Advantage of using Gibraltar (a jurisdiction within the EU) re loan payments and interest arising thereon
- Considering Spain as an elected country of residence - (Initial Resident "Drifter")
- Considering Spain as an elected country of residence - (Continuing UK employment and Directorships)
- Spain as an unintended country of residence (Departure from the UK for tax purposes)
Latest QROPS update (14th August 2009)
HMRC have now raised enquiries as to whether the Gibraltar tax legislation is fully compliant with the UK QROPS requirements. To provide a combined voice, a Gibraltar based Association of Pension Fund Administrators has been formed. Detailed correspondence is currently in progress between HMRC and Gibraltar QROPS providers, via the Association. An extension until 30 September 2009 has been agreed between all parties so that the matter can be considered more fully. In the meantime, HMRC have placed on notice all Gibraltar QROPS providers that if the final determination by HMRC is that Gibraltar legislation does not provide an appropriate platform to which UK schemes can be transferred, then any transfers made to a Gibraltar scheme after 6 April 2006, will be subject to an "exit charge", currently 55%.