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
Planet Toccer Holding Ltd., founded by former world class athlete, Mark Thomas, has teamed up with leading animated film and gaming industry veterans to launch Goaly Moley, the first 3D mobile game app from the Space Sports franchise.
Space Sports’ Goaly Moley is a highly engaging and competitive 3D game app with rich graphics and cosmic monsters. Players can test their soccer skills against Galactic Moles as they score points against Madu the Monster. Space Sports is holding the first Goaly Moley Championship of the ZaZa Galaxy starting on April 15th, 2013. The winner will receive an all expenses paid trip for two to London to attend the U.E.F.A. (Union of European Football Association) Champions League Final on May 25th, 2013.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60223-planet-toccer-launches-free-space-sports-app-3d-mobile-games-platform
Unilever’s Stacie Bright, a veteran marketing and communications leader, will deliver the keynote presentation about how brands connect with audiences through content marketing. The conference will be held on April 17, 2013 at the Graduate Center of The City University of New York and is produced by Business Development Institute and PR Newswire.
“I am looking forward to the BDI Summit on April 17th, where I will share the unique Dove Men+Care approach to hyper-relevant yet relatable storytelling, and leveraging well-known sports notables to create content that connects with men on a surprisingly personal level.”
To view Multimedia News Release, go to http://www.multivu.com/mnr/60902-stacie-bright-unilever-keynote-bdi-pr-newswire-content-marketing-summit
Some of the biggest names in the entertainment industry celebrated the 80th birthday of Quincy Jones and Sir Michael Caine Saturday, April 13 at the 17th annual Keep Memory Alive Power of Love Gala at MGM Grand Garden Arena in Las Vegas. The star-studded event raised funds for Cleveland Clinic Lou Ruvo Center for Brain Health and its fight against neurodegenerative brain diseases such as Alzheimer’s, Huntington’s and Parkinson’s diseases, multiple sclerosis, ALS and memory disorders of all kinds.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60778-cleveland-clinic-keep-memory-alive-17th-annual-power-of-love-gala
The Ad Council is joining forces with BAM! Body and Mind and KIDZ BOP to premiere The Greatest Action Movie Ever (G.A.M.E), a kid-targeted film offering fun ways to channel the inner action hero and take steps towards a more active and nutritionally-balanced lifestyle. Starring Ryan Ochoa of the hit Disney XD series Pair of Kings, the first half of the six-minute long G.A.M.E. film will premiere on Sunday, April 14 on Disney XD as part of Disney’s Magic of Healthy Living, an initiative that inspires kids and families to lead healthier lifestyles. Audiences will then be directed to Centers for Disease Control and Prevention’s BAM! Body and Mind website, BAM.gov, to see the second part of the film and access additional health-related resources. The full-length film will also be featured on KIDZBOP.com and Disney.com.
To view Multimedia News Release, go to http://www.multivu.com/mnr/61182-ad-council-mccann-bam-kidz-bop-help-fight-childhood-obesity
Attendees are counting down the hours to the start of the 113th Canton Fair, China’s most prestigious trade show. The spring installment is kicking off in Guangzhou on April 15, when organizers will welcome participants to the most professional and well-serviced event to date.
To view Multimedia News Release, go to http://www.multivu.com/mnr/61251-canton-fair
Tree Fu Tom, the animated preschool series that’s taken Britain by storm, will make its U.S. debut on Sprout®, the 24-hour preschool channel, on April 22 at 11:00 a.m. EST. The show, which is a co-production between FremantleMedia Kids & Family Entertainment and CBeebies, joins Sprout’s lineup of quality children’s entertainment that includes both acquired and original programming including the network’s newest hit, “The Chica Show.”
The premiere of Tree Fu Tom kicks-off a week-long celebration called “Dig Into Earth Day,” which promotes conservation and the importance of caring for the environment. Sprout marks Earth Week by being a part of NBCUniversal’s Green is Universal environmental initiative, and will be turning its on-air and online logos green for the entire week.
To view Multimedia News Release, go to http://www.multivu.com/mnr/61203-sprout-animated-preschool-series-tree-fu-tom-makes-u-s-debut-earth-day
Alison Sweeney and Mika Brzezinski co-hosted the 10th Anniversary of the More Magazine/Fitness Magazine Women’s Half-Marathon in Central Park on Sunday, April 14, 2013. More than 7,550 women from around the world took part in the race—the largest women’s-only half-marathon in the country—established by More and Fitness magazines in partnership with New York Road Runners. Sweeney and Brzezinski both participated in the race for the first time and crossed the finish line within two hours before a cheering crowd of 16,000; Sweeney finished in 1:59:50 and Brzezinski finished in 1:49:19.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60836-more-fitness-magazine-women-s-half-marathon-alison-sweeney-mika-brzezinski
Am Vorabend der Auto Shanghai 2013 hat der Volkswagen-Konzern bei seiner traditionellen Group Night nicht nur die automobilen Highlights seines Markenspektrums gezeigt, sondern auch seine Verbundenheit zum Standort China unterstrichen. Ist es doch genau 30 Jahre her, als im April 1983 der erste in China gefertigte Santana vom Band rollte. Eingerahmt von zahlreichen künstlerischen Darbietungen, die begeistert beklatscht wurden, wurden aber auch die auf der Messe zu besichtigenden neuen Modelle gewürdigt. Angefangen von den beiden Weltpremieren des VW CrossBlue Coupé, mit dem die Wolfsburger einen Ausblick in die SUV-Zukunft geben, und der Audi A3 Limousine führte die Autoparade über den XL 1, den Bentley Flying Spur, den Skoda Superb, den Bugatti Veyron Grand Sport Vitesse, der Seat Leon SC und den Porsche RS bis hin zum Lamborghini Aventador LP Anniversario. Und auch der Motorradbereich fehlte natürlich mit einer Ducati Chavel ebenso nicht wie Lkw von MAN und Scania, die aus Platzgründen allerdings vor der Halle geparkt werden mussten.
Reggaeton Latino, der Party Hot-Spot der Reggaeton-Szene startet am Dienstag, den 30. April 2013 seine zweite Edition in diesem Jahr. Nachdem bombastischem Erfolg der letzten Party, werden bei der nächsten Reggaeton Latino \
The sake was flowing and music was rocking in celebration of the debut of the world’s first Nobu Hotel Restaurant and Lounge Caesars Palace. Nobu Hospitality partners including Chef Nobu Matsuhisa, Robert De Niro, Meir Teper, Trevor Horwell and Struan McKenzie joined Caesars Palace in marking the completion and introduction of one of the hottest new boutique hotels featuring 181 rooms including 18 luxury suites. The highlight of the weekend was a traditional Japanese Sake Ceremony and party on Sunday, April 28 with a special musical performance by Grammy nominated singer/songwriter Ed Sheeran poolside at the Garden of The Gods complex at Caesars Palace.
To view Multimedia News Release, go to http://www.multivu.com/mnr/59292-nobu-hotel-restaurant-and-lounge-caesars-palace-las-vegas-opens
The 11th annual Eurasian Media Forum (EAMF), which took place on April 25-26 in Kazakhstan’s capital city of Astana, has drawn praise from all sides as a leading platform for regional and East-West dialogue.
Welcoming some 600 delegates from 46 countries, the President of Kazakhstan, Nursultan Nazarbayev, stressed the importance of the media as a unifying influence in society.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60656-eurasian-media-forum-astana-kazakhstan
