The zero establishment fee will remain in place as a permanent feature for all new QROPS applications, and is applicable across all of our QROPS products.
STM Group Final Results for the 12 months ended 31 December 2016
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.
UK’s Finance Bill 2017
The UK’s 2017 Finance Bill was published on 5th December. This provides the draft legislation for many tax changes to take effect from April 2017. STM Group Plc highlights some of these changes as follows.
STM QROPS – Zero Establishment Fee Extended
We are pleased to announce an extension of the zero establishment fee for new QROPS applications. The zero establishment fee will remain in place for all applications received before the 31st of March 2017.