What is QROPS? A QROPS (Qualifying Recognised Overseas Pension Scheme) is a pension transfer scheme that is recognised by HMRC and meets certain conditions and standards equivalent to a UK pension. Therefore, any UK pension can be readily transferred into an overseas scheme, provided that the overseas scheme is registered with HMRC as a QROPS. […]
It is not a state of affairs most people want to think about, but sometimes people find out – after the fact – that they have been written out of a will they previously were part of. If you find yourself in this situation, there are some time-sensitive steps you can take to at least […]
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died. In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax […]
POINTS TO PONDER BEFORE ENTERING INTO A PROPERTY TRANSACTION Herebelow are some important points to consider before entering into a property transaction. Some points may vary or differ depending on laws of Local bodies and State. Types of Transactions Under Construction – Outright Purchase/Ready Possession Apartments from Developer Bungalow/Townhouse from Developer Outright Purchase from non […]
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) upon the death of the insured person. The premise behind life insurance is straightforward, in theory. It’s also gloomy, at least compared to other financial services. Depending […]