February 2, 201511 yr Does anyone know the best jurisdiction to set up a QROP, The more regulated centres e.g, Singapore have been closed down, and Malta has disadvantages due to high taxes and other matters. This leaves Gibraltar which not greatly attractive. And what would happen if it got taken over by Spain? .
February 3, 201511 yr Personally I would look at Jersey. I understand they changed their laws effective January 1st this year to enable QROPS.
February 3, 201511 yr Author Personally I would look at Jersey. I understand they changed their laws effective January 1st this year to enable QROPS. A bit more civilised but I think the tax rate might be 20% instead of 2.5% in Gibraltar
February 3, 201511 yr Personally I would look at Jersey. I understand they changed their laws effective January 1st this year to enable QROPS. A bit more civilised but I think the tax rate might be 20% instead of 2.5% in Gibraltar I didn't check things out. I rather naively I'd assumed that the Jersey regime would be similar to the one in Guernsey where I have my (technically ex-) QROP. With a 20% tax rate on income I really can't see why anybody would want a Jersey QROP. I must be missing something, so why would they bother to change the rules to allow for something that nobody will go for?
February 3, 201511 yr Basing any financial decision-making on even the wildest possibility that Gibraltar will be taken over by Spain is a complete nonsense.
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