The Pension Schemes (Qualifying Recognised Overseas Pension Schemes) (Gibraltar) (Exclusion of Overseas Transfer Charge) Regulations, SI 2021/89, correct an omission in the Taxes (Amendments) (EU Exit) Regulations, SI 2019/689 to ensure that a recognised transfer or onward transfer to a qualifying recognised overseas pension scheme (QROPS) established in Gibraltar continues to be excluded from the overseas transfer charge under FA 2004 Part 4. The regulations have retrospective effect from IP completion day (11pm on 31 December 2020).
The Pension Schemes (Qualifying Recognised Overseas Pension Schemes) (Gibraltar) (Exclusion of Overseas Transfer Charge) Regulations, SI 2021/89, correct an omission in the Taxes (Amendments) (EU Exit) Regulations, SI 2019/689 to ensure that a recognised transfer or onward transfer to a qualifying recognised overseas pension scheme (QROPS) established in Gibraltar continues to be excluded from the overseas transfer charge under FA 2004 Part 4. The regulations have retrospective effect from IP completion day (11pm on 31 December 2020).
