Top 10 QROPS Centres Grab 62% Of The Market
The top 10 Qualifying Recognised Overseas Pension (QROPS) failed to change again with the publication of the latest list by HM Revenue & Customs. Despite pensions regularly opening and closing...
View ArticleCanada Opens Borders To Thousands Of Skilled Expats
Canada wants to welcome up to 250,000 expats as part of a plan to replace an aging workforce with younger workers with new skills. The government is inviting tens of thousands of expats to take up...
View ArticleCanadian Banks Throw In The Towel In FATCA Fight
Despite intense pressure from lobbyists, Canadian banks have agreed they must obey the controversial US FATCA laws aimed at smoking out American expats with offshore bank accounts and financial...
View ArticleMillions Lack The Cash To Finance Retirement
Don’t feel too bad if you feel you have not saved enough cash for a comfortable retirement as you are just one among millions. The US Census Bureau reckons 579 million people worldwide are in...
View ArticleQROPS Canada: The perks and the pitfalls
When you make the move abroad, you take your belongings with you. Why shouldn’t the same be said of your pension? A Qualifying Recognised Overseas Pension Scheme (QROPS) allows individuals with a...
View ArticleCanada Finally Signs Up To FATCA Despite Misgivings
In a huge publicity coup as protests grow against America’s controversial Foreign Account Tax Compliance Act (FATCA), Canada has finally signed an intergovernmental agreement to swap tax information...
View ArticleQROPS Tracker – June 1, 2014
Fears of the Qualifying Recognised Overseas Pension Scheme (QROPS) offshore market disintegrating into a tax evasion free-for-all have proved groundless as more pensions open every day. This month, the...
View ArticleSurge In US Expats Returning Passports Due To FATCA
The cost of renouncing US citizenship has gone up with the introduction of the new Foreign Account Tax Compliance Act (FATCA) tax reporting rules. Many US expats are unhappy with their government...
View ArticleCanada QROPS Win IRS Tax Deferral Status
US retirement savers locked out of many Qualifying Recognised Overseas Pension Scheme (QROPS) by tax rules now have Internal Revenue Service (IRS) approval to switch their funds out of a British...
View ArticleFATCA Fears For Americans Selling Homes In Canada
Americans living in Canada fear they may have to pay huge capital gains tax bills when they sell their home as a result of the new US Foreign Account Tax Compliance Act (FATCA). The issue concerns a...
View ArticleQROPS List – August 3, 2015
Nearly 50 Qualifying Recognised Overseas Pension Schemes (QROPS) opened for transfers in from UK onshore pensions and other QROPS in the past two weeks. The latest QROPS List published by HM Revenue...
View ArticleQROPS List – August 17, 2015
The latest HM Revenue & Customs (HMRC) Qualifying Recognised Overseas Pension Scheme (QROPS) List showed a big uptick in the number of schemes on the market. The latest list showed 832 QROPS are...
View ArticleJudge Throws Out FATCA Legal Challenge
A long-awaited legal challenge against the US Foreign Account Tax Compliance Act (FATCA) was rejected in the courts. The Federal Court of Canada rejected an attempt from Virginia Hillis and Gwendolyn...
View ArticleWhat Expats Pay For Homes Around The World
Keeping a tab on expat home values is a tough call, so an international property consultant has stepped in with a regular snapshot of prime prices in cities around the world. Vancouver, on Canada’s...
View ArticleCanada QROPS – Savers Ignored The Warning Signs
British expats with Canada QROPS have fallen in to a massive tax trap – despite warning signs flagging there night be a problem more than a year ago. HM Revenue and Customs (HMRC) has delisted all but...
View ArticleCanada QROPS Provider Reveals ‘Secret’ HMRC Inquiry
Canadian Qualifying Recognised Overseas Pension Scheme (QROPS) provider Mackenzie has broken the silence about the delisting of dozens of expat pensions in the country. The firm claim HM Revenue and...
View ArticleLuxury House Prices Cooling Around The World
Luxury home prices in many of the world’s major cities have cooled in recent weeks as governments tightened their tax nets to slow down rises. Expat and offshore investors are blamed for super heating...
View ArticleAccidental Americans Caught In FATCA Net
More unforeseen consequences of the controversial US Foreign Account Tax Compliance Act (FATCA) have emerged affecting hundreds of thousands of taxpayers worldwide. A major concern is that financial...
View ArticleChinese House Prices Go Through The Roof
Average house prices tracked in 150 cities around the world climbed 6.9% in the year to March 31, 2017, says a new study. But an astonishing 60 cities all posted better than average returns. China led...
View ArticleCanada Ready To Greet A Million More Expats
Canada wants to triple the number of expats going to the country over the three years. The government wants to attract a million new Canadians as permanent residents by the end of 2020. The planned...
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