Hassans has a specialist pensions law advice function which boasts a team of lawyers with an unrivalled background in and knowledge of the UK and Gibraltar tax system.
The team, together with Hassans’ associated company management firm, Line Group Limited and its pension trusts arm, Quantum Trust Corporation Limited, is able to provide professional advice and regulatory guidance on the best possible options for clients, on a case by case basis, in relation to:
- the establishment of pensions schemes including QROPS (Qualifying Recognised Overseas Pension Scheme)
- advising on schemes already in place
Following new regulations introduced in 2012, Gibraltar has become an HMRC approved QROPS jurisdiction, Due to its highly regulated and sophisticated financial services sector, Gibraltar is expected to quickly become a major jurisdiction of choice.
Hassans has established its own QROPS scheme called IBIS which affords the following benefits:
- pension income received from a Gibraltar QROPS is taxable at 2.5%.
- there is no taxation of lump sums in Gibraltar.
- it is not subject to UK inheritance tax.
- multiple pensions can be consolidated into one QROPS.
- offers flexibility in terms of the range of investments.
We are no doubt in a challenging time for investors who are seeking the returns they need to live their lives.Investor optimism has increased as the spread of Covid-19 appears […]
In periods of stock market shock, such as has been experienced recently with the Coronavirus pandemic, the natural focus of attention is on fund values and investment performance. But what […]
Part of Gibraltar’s compelling tax environment consists of what is known as the Gibraltar Category 2 tax residency status. One of the High Net Worth Individual, or HNWI, solutions available […]
Hassans’ Partner, Yvonne Chu, takes a look at the Legislative Reform Programme which came in to force earlier this year. The Financial Services Act 2019 (“FSA 2019”) finally came into […]
The Legal 500 wheels keep turning despite lockdown; Hassans ranked top in all categories of Legal 500 2020
Whilst not much is guaranteed during this strange time, the people behind ranking law firms in the legal directories can, in an oddly reassuring way, always be relied on to […]