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#1 13/10/18 05:54:50

Registered: 19/07/17
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QROPS Switzerland. Pension Tax Relief
British expats living in Switzerland or wishing to retire in Switzerland can now transfer their pension into a QROPS Switzerland to maximize pension tax relief. UK expats living or working in Switzerland can take advantage of their offshore status and transfer their UK pension offshore to somewhere secure like the Isle of Man or Guernsey and will no longer have to pay UK taxes on their pension if they stay offshore.
In nominal terms Quintin Demps Jersey , Switzerland is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $69,838. In 2010, Switzerland had the highest wealth per adult of any country in the world (with $372,692 for each person). Switzerland also has one of the world’s largest account balances as a percentage of GDP Kendall Wright Jersey , only placing behind a few oil producing countries. Zurich and Geneva have respectively been ranked as the cities with the second and third highest quality of life in the world. In 2010 the World Economic Forum ranked Switzerland as the most competitive country in the world, while ranked by the European Union as Europe’s most innovative country by far.
Switzerland comprises three main linguistic and cultural regions: German, French, and Italian, to which the Romansh-speaking valleys are added. The Swiss therefore do not form a nation in the sense of a common ethnic or linguistic identity. The strong sense of belonging to the country is founded on the common historical background Mike Glennon Jersey , shared values (federalism, direct democracy, neutrality) and Alpine symbolism.
Why live or retire in Switzerland?
More than 49,000 Brits live and work in Switzerland including 5,450 pensioners. For the Brits living in Switzerland Eddie Goldman Jersey , you can take advantage of your offshore address to reduce UK tax on your pension as well as protect your wife and children from high UK taxation should anything happen to you.
Switzerland has more than 1500 lakes, including Lake Geneva, Lake Constance and Lake Maggiore. Switzerland contains 6% of Europe’s stock of fresh water. Lakes and glaciers also cover about 6% of the national territory. You are spoiled with alpine skiing in Switzerland; hiking and mountain biking take precedence in summer. Christianity is the predominant religion of Switzerland, divided between the Catholic Church (41.8% of the population) and various Protestant denominations (35.3%). Among the most important cultural performances held annually are the Lucerne Festival, the Montreux Jazz Festival and the Locarno International Film Festival.
Swizterland has the world densest rail network. Switzerland has one of the best environmental records among nations in the developed world and is one of the world  top recyclers. Folk art is kept alive with music Kevin White Jersey , dance, poetry, wood carving and embroidery. The alphorn, a trumpet- like musical instrument made of wood, has become alongside yodeling and the accordion an epitome of traditional Swiss music. Fondue Cody Whitehair Jersey , raclette or r枚sti are popular dishes in Switzerland, the nation who are the largest consumers of chocolate in the world. Wine is popular in Switzerland with popular varieties being Chasselas (called Fendant in Valais) and Pinot Noir.
QROPS Switzerland. Pension Tax Relief

What are the benefits of a QROPS Switzerland Pension Transfer for UK expats?
鈥?Avoid UK income tax
鈥?Avoid UK dividends tax
鈥?Avoid UK capital gains tax (CGT)
鈥?Avoid UK inheritance tax (IHT)
鈥?Currency choice. You can choose to have your pension transferred to a QROPS denominated in USD, EUR or keep it in GBP
鈥?Have the ability to make higher returns with freedom of investment
鈥?Family Protection: Upon death, the entire pension pot gets passed on to your nearest and dearest
鈥?Security: The pension is held in a secure jurisdiction such as Guernsey or the Isle of Man which is under the protection of the British Crown, but has its own strong financial regulations which are tax efficient
What is QROPS Switzerland?
A Qualifying Recognized Overseas Pension Scheme (QROPS Switzerland) allows your UK pension to be transferred offshore to reduce your tax burden. Effectively Leonard Floyd Jersey , you will no longer pay UK tax on your pension whilst you are offshore and after 5 years of living offshore, the reporting requirements to HMRC cease.
If you are living in Switzerland at the moment, you can take advantage of your offshore address in order to move your UK pension into a QROPS to avoid further UK taxes down the line. A QROPS is the perfect vehicle to avoid UK taxes if you are considering living or retiring abroad.
What is the economy like in Switzerland?
Switzerland has a stable and modern economy. It has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services. The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan (and indeed one of the highest in the world). The Swiss franc remains one of the world’s strongest currencies with the lowest inflation rate (rising to an estimated 0.7% for 2011).
If adjusted for purchasing power parity, Switzerland ranks sixteenth in the world for GDP per capita. The World Economic Forum’s Global Competitiveness Report currently ranks Switzerland’s economy as the most competitive in the world. For much of the 20th century Eddie Jackson Jersey , Switzerland was the wealthiest country in Europe by a considerable margin. In 2010, the Global Wealth Report by Credit Suisse Research Institute found that Switzerland has the highest average wealth per adult at $372,692.
Chemicals, health and pharmaceutical, measuring instruments Tarik Cohen Jersey , musical instruments, real estate, banking and insurance, tourism, and international organizations are important industries in Switzerland. The largest exported goods are chemicals (34% of exported go

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