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Combined liabilities of Gulf cooperation Council (GCC) employers are expected to rise from US$16bn in 2012 to US$75bn by 2020, according to the roundtable report by strategic research company, Insight Discovery.
GUERNSEY'S relationship with the UK is not set for long-term damage, according to former Chancellor Lord Lamont.
Qualifying Non-UK Pension Schemes (QNUPS)
April 30, 2012
On 13 February 2010 new UK legislation introduced the Qualifying Non-UK Pension Scheme or QNUPS in an attempt to clarify ambiguous aspects of the previous UK tax treatment. QNUPS are a flexible and tax efficient pension scheme that should be of great interest to individuals such as well-remunerated/executive employees and owner managed businesses who
- feel restricted by either the lifetime or annual contribution limits that apply to registered UK pensions,
- have an existing scheme or benefit trust that no longer meets their needs, or
- have substantial assets and are considering how to structure these investments to maximise growth for the future.
