Belgium’s linguistic diversity and related political and cultural conflicts are reflected in the political history and a complex system of government. Why live or retire in Belgium as a British expat? The Paris Basin reaches a small fourth area at Belgium’s southernmost tip [url= http://www.nhlcapitalsteams...rsey]Jakub Vrana Jersey[/url] , Belgian Lorraine. The coastal plain consists mainly of sand dunes and polders. Further inland lies a smooth, slowly rising landscape irrigated by numerous waterways, with fertile valleys and the northeastern sandy plain of the Campine (Kempen). The thickly forested hills and plateaus of the Ardennes are more rugged and rocky with caves and small gorges. Roman Catholicism has traditionally been Belgium’s majority religion; being especially strong in Flanders. However, by 2009 Sunday church attendance was 5 % for Belgium in total. Folklore plays a major role in Belgium’s cultural life: the country has a comparatively high number of processions, cavalcades [url= http://www.nhlcapitalsteams...sey]Evgeny Kuznetsov Hockey Jersey[/url] , parades, ‘ommegangs’ and ‘ducasses’, ‘kermesse’ and other local festivals, nearly always with an originally religious or mythological background. Belgium is famous for beer, chocolate [url= http://www.nhlcapitalsteams...s+jersey]T. J. Oshie Hockey Jersey[/url] , waffles and french fries. Contrary to their name, french fries also originated in Belgium. The national dishes are “steak and fries with salad”, and “mussels with fries”. QROPS Belgium. Pension Tax Relief
: What are the benefits of a QROPS Belgium 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 [url= http://www.nhlcapitalsteams...ey]Nicklas Backstrom Hockey Jersey[/url] , but has its own strong financial regulations which are tax efficient What is QROPS Belgium? A Qualifying Recognized Overseas Pension Scheme (QROPS Belgium) 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, the reporting requirements to HMRC cease. If you are living in Belgium 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 Belgian economy like? Belgium’s strongly globalized economy and its transportation infrastructure are integrated with the rest of Europe. Its location at the heart of a highly industrialized region helped make it the world’s 15th largest trading nation in 2007. The economy is characterized by a highly productive work force, high GNP and high exports per capita. Belgium’s main imports are raw materials [url= http://www.nhlcapitalsteams...ersey]Alex Ovechkin Hockey Jersey[/url] , machinery and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs [url= http://www.nhlcapitalsteams...sey]Evgeny Kuznetsov Capitals Jersey[/url] , transportation equipment, oil products. Its main exports are machinery and equipment, chemicals, finished diamonds, metals and metal products [url= http://www.nhlcapitalsteams...s+jersey]T. J. Oshie Capitals Jersey[/url] , foodstuffs. The Belgian economy is heavily service-oriented and shows a dual nature: a dynamic Flemish economy and a Walloon economy that lags behind. GDP growth rate is estimated at only 1.7% for 2011 and the economy is made up of agriculture: 0.6%, industry: 22% and services: 77.4%.
About Richard Malpass Richard Malpass is a financial advisor from the UK who has lived abroad for the past 14 years. QROPS Specialists provide pensions advice for UK expats who are living abroad or thinking of retiring abroad in the future. We help our clients to reduce their liability to UK tax, move their pensions into the currency of their choice and maximize the growth of their pensions.
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