Following the introduction of a 25% tax charge on transfers into QROPS based outside of the EEA, in its annual results for 2016, published this morning, STM Group said the ‘worst case scenario’ would see it receive £1.1 million less than expected in revenue this year.
STM Group Chief Executive Officer Alan Kentish and Chief Financial Officer Therese Neish join Sarah Lowther in the Stocktube studio to discuss international pensions, tax jurisdictions and what implications may lie ahead as a result of June’s Brexit vote.
The Brexit vote has resulted in volatility within the financial markets and perhaps some confusion as to the types of goods and services which will be affected by those businesses whose products are sold internationally. Until such time as Article 50 is triggered and an exit is negotiated, Gibraltar and the UK are still very much in the EU and therefore there are currently no changes to the laws by which Gibraltar and UK companies are governed.
We are pleased to announce that STM Malta Pension Services Limited won two prestigious awards during Malta’s BIB Awards 2015, one as Malta’s Best-in-Business Trust & Fiduciary Company, and the other for Malta’s Best-in-Business Pension Provider. The two awards won are: 1. Malta’s Best in Business Pensions Provider Award and 2. Malta’s Best in Business […]