QROPS Uruguay. Pension Tax Relief
British expats living in Uruguay or wishing to retire in Uruguay can now transfer their pension into a QROPS Uruguay to maximize pension tax relief. UK expats living or working in Uruguay 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.
Between the years 2007 and 2009 Uruguay was the only country in the Americas which did not technically experience a recession (two consecutive downwards quarters). Unemployment reached a record low of 5.4% in December 2010 before rising to 6.1% in January 2011. Low unemployment has caused a rise in inflationary pressures nike air max schwarz kaufen , although Uruguay’s GDP expanded by 10.4% for the first half of 2010. According to IMF estimates, Uruguay is likely to achieve growth in real GDP of between 8% and 8.5% in 2010, followed by 5% growth in 2011 and 4% in subsequent years. The gross public sector debt contracted in the second quarter of 2010, after five consecutive periods of sustained increase nike air max 97 weiß herren , reached 21.885 billion US dollars, equivalent to 59.5% of the GDP.
Why live or retire in Uruguay as a British expat?
Over 690 Brits live and work in Uruguay. For the Brits living in Uruguay, 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. The landscape features mostly rolling plains and low hill ranges (cuchillas) as well as fertile coastal lowland. There are four river basins or deltas and nine national parks. Uruguay’s climate is relatively mild. High humidity and fog are common. Temperatures range from 12掳C to 26掳C. Uruguayan Spanish has some modifications due to the considerable number of Italian immigrants. English is common in the business world.
Asado is a popular traditional dish in Uruguay, a kind of barbecued beef. Beef is fundamental to Uruguayan cuisine and the country is one of the world鈥檚 top consumers of red meat per capita. Popular foods include beef platters nike air max 97 weiss kaufen , steak sandwiches (chivito), pastas, barbecued kidneys and sausages. cleric贸, a mixture of fruit juice and wine is popular. Football and rugby are popular. The Uruguay national football team has won the FIFA World Cup on two occasions.
QROPS Uruguay. Pension Tax Relief

:
What are the benefits of a QROPS Uruguay 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 nike air max 97 undefeated kaufen , 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 Uruguay?
A Qualifying Recognized Overseas Pension Scheme (QROPS Uruguay) allows your UK pension to be transferred offshore to reduce your tax burden. Effectively, you will no longer pay UK tax on your pension whilst you are offshore and after 5 years of living offshore nike air max 97 ultra damen , the reporting requirements to HMRC cease.
If you are living in Uruguay 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 Uruguay?
Uruguay experienced a major economic and financial crisis between 1999 and 2002, principally a spillover effect from the economic problems of Argentina. The economy contracted by 11% and unemployment climbed to 21%. Despite the severity of the trade shocks Uruguay’s financial indicators remained more stable than those of its neighbours, a reflection of its solid reputation among investors and its investment-grade sovereign bond rating nike air max 97 silber herren , one of only two in South America.
In 2005 Uruguay was the first exporter of software in South America. The Frente Amplio government, while continuing payments on Uruguay’s external debt, also undertook an emergency plan to attack the widespread problems of poverty and unemployment. The economy grew at an annual rate of 6.7% during the 2004-2008 period. Uruguay’s exports markets have been diversified in order to reduce dependency on Argentina and Brazil. Poverty was reduced from 33% in 2002 to 21.7% in July 2008, while extreme poverty dropped from 3.3% to 1.7% nike air max 97 schwarz herren , respectively.
Between the years 2007 and 2009 Uruguay was the only country in the Americas which did not technically experience a recession (two consecutive downwards quarters). Unemployment reached a record low of 5.4% in December 2010 before rising to 6.1% in January 2011. Low unemployment has caused a rise in inflationary pressures, although Uruguay’s GDP expanded by 10.4% for the first half of 2010. According to IMF estimates, Uruguay is likely to achieve growth in real GDP of between 8% and 8.5% in 2010, followed by 5% growth in 2011 and 4% in subsequent years. The gross public sector debt contracted in the second quarter of 2010 nike air max 97 rosa , after five consecutive periods of sustained increase, reached 21.885 billion US dollars, equivalent to 59.5% of the GDP.
QROPS Uruguay. Pension Tax Relief

Do I need to move my pension to Uruguay?
No. Your pension can be transferred to a secure jurisdiction such as the Isle of Man or Guernsey where it will be out of the UK tax system and your pension will be paid gross and grow tax free.
Do I need to live and retire in . Cheap Jerseys Wholesale Jerseys Wholesale Jerseys Wholesale Soccer Jerseys Wholesale Jerseys China Cheap NFL Jerseys Cheap Authentic NHL Jerseys Wholesale Authentic Sports Jerseys Wholesale Jerseys China Online Wholesale Jerseys China Online