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Montevideo, June 17th 2019 - 14:55 UTC

Falklands pensions' scheme receives top qualification from UK HM Revenue & Customs

Tuesday, February 10th 2015 - 05:35 UTC
Full article 4 comments
QROPS status will allow existing UK-registered pension scheme funds to be transferred to members’ funds held in FIPS. QROPS status will allow existing UK-registered pension scheme funds to be transferred to members’ funds held in FIPS.

The Falklands Islands Pensions Board is pleased to announce that HM Revenue & Customs in the United Kingdom has approved the Falkland Islands Pensions Scheme (FIPS) as a Qualifying Recognized Overseas Pensions Scheme (QROPS).

 QROPS status will allow existing UK-registered pension scheme funds to be transferred to members’ funds held in FIPS. For those FIPS members who reside in the UK, a transfer from their FIPS fund to their UK pension scheme should also be easier.

QROPS status does not, however, apply to the Retirement Pensions Contributions (RPC) scheme which is the mandatory pension system for employees in the Falkland Islands.

FIPS is included on the HMRC website of schemes with QROPS approval: https://www.gov.uk/government/publications/list-of-qualifying-recognised-overseas-pension-schemes-qrops

Top Comments

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  • Skip

    One of those benefits of Argentina taking over always mentioned by Malvinisitas would be the total rape of any pensions by the government of Argentina.

    Feb 10th, 2015 - 05:04 pm 0
  • Briton

    Give it time and the argy bloggers will come here crying and sobbing because they want what we have, and they cant have it.
    give em time,
    they will roll in here one by one...lol

    Feb 10th, 2015 - 07:48 pm 0
  • ilsen

    @2
    Probably not. It is way beyond their understanding.
    ;-)

    Feb 10th, 2015 - 09:53 pm 0
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