Search

Reset
Displaying 1 of 1 results
Reform of QROPS

08 March 2017

The government is concerned that QROPS – non-UK pensions intended to operate similarly to UK pension schemes – are being abused. To counter the abuse, future transfers into a QROPS and from one QROPS to another will be subject to a 25 per cent tax charge unless certain conditions are met. Even where no immediate tax charge arises, actions taken up to five years later could create a liability.

Pages

  • 1