Qualifying Recognised Overseas Pension Scheme definition

Qualifying Recognised Overseas Pension Scheme means a pension scheme which is treated as a qualifying recognised overseas pension scheme for the purposes of section 169 of the Finance Act 2004;
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Qualifying Recognised Overseas Pension Scheme means a qualifying recognised overseas pension scheme as defined in section 169 of the Finance Act 2004;
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Qualifying Recognised Overseas Pension Scheme has the meaning given to it in section 169(2) of the Act; “Registered Scheme” a registered pension scheme within the meaning of section 153 of the Act;
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Examples of Qualifying Recognised Overseas Pension Scheme in a sentence

  • This includes when you: • want to take an income or lump sum before age 75; • reach age 75; • want to move your Account holdings to a Qualifying Recognised Overseas Pension Scheme (QROPS) before age 75.

  • The Scheme is a Qualifying Recognised Overseas Pension Scheme (QROPS), which means that it has been accepted by Her Majesty’s Revenue and Customs (HMRC) that it may receive transfers of UK pension fund money from UK pension schemes or from other QROPS.

  • You can ask us to transfer some or all of the value of your Embark Personal Pension, as either a Cash Transfer or re-registration of Assets, to another HMRC registered pension scheme or Qualifying Recognised Overseas Pension Scheme (QROPS) that is willing to accept the transfer.

  • No. The Scheme is not a Qualifying Recognised Overseas Pension Scheme (QROPS) however European Financial Planning Group Ltd provide suitable products that are designed to accept transfers from UK registered pension schemes.

  • Transfers into your PRSA You may transfer your accumulated fund from another PRSA, Occupational Pension Scheme (subject to certain criteria), a pension arrangement outside the State (a Qualifying Recognised Overseas Pension Scheme (QROPS)), or a retirement annuity contract to your Self Invested PRSA and we will treat any such transfer payment as a contribution.

  • Special rules apply to funds that derive (either directly or indirectly) from UK pension funds that are subject to the UK QROPS (Qualifying Recognised Overseas Pension Scheme) rules.

  • To overcome this issue, thoughtout the time, several algorithms were implemented to control these variables.

  • We will deduct any tax charge from Your Plan before making the transfer payment to the Qualifying Recognised Overseas Pension Scheme and pay the tax charge to HMRC in accordance with Statutory Requirements.Where applicable, an early surrender charge will be deducted from the value of Your Plan in accordance with Section 9.2(ii).

  • Some Clients may have Client Money balances invested in either Self Invested Personal Pensions (SIPPs) or a Qualifying Recognised Overseas Pension Scheme (QROPS), however, it is understood that, in all instances, the Company’s records detail the SIPP or QROPS Trustee or manager as the Client.

  • However, you must ensure that the overseas pension is a Qualifying Recognised Overseas Pension Scheme (QROPS) and the transfer is a recognised transfer to avoid any excessive tax charges.


More Definitions of Qualifying Recognised Overseas Pension Scheme

Qualifying Recognised Overseas Pension Scheme means an overseas pension scheme for which the scheme manager has signed an undertaking to inform HMRC if the scheme ceases to be a recognised overseas pension scheme and comply with any prescribed information requirements imposed on the scheme manager by HMRC.
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Qualifying Recognised Overseas Pension Scheme has the meaning given to it in section 169(2) of the Act;
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Related to Qualifying Recognised Overseas Pension Scheme

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • personal pension scheme means a personal pension scheme which--

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • pensionable service means service which may be taken into account in computing pension under these Regulations;

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Relevant Employees means the employees who may be affected by a change referred to in subclause (1).

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Approved Occupational Superannuation Fund means a superannuation fund which complies with the Occupational Superannuation Standards Act, 1987.

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • International Employee Plan means each Company Employee Plan that has been adopted or maintained by the Company or any Affiliate, whether informally or formally, or with respect to which the Company or any Affiliate will or may have any liability, for the benefit of Employees who perform services outside the United States;

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Foreign-going vessel means any vessel other than coastal vessel.