Transferring a UK Pension to Europe as a Resident in Portugal Residents in Europe have the option of transferring a UK pension scheme to a Qualifying Recognised Overseas Pension Scheme (QROPS) in Malta. Malta is a country in the European Union and a member of the European Economic Area. A QROPS in Malta is a
QROPS Switzerland | UK Pension Transfers to Switzerland There is now a 25% Overseas Transfer Tax (OTC) if you transfer a pension to a QROPS as a resident in Switzerland. Most QROPS in Switzerland are now closed to new members and no longer appear on the regulated overseas pension schemes notifications list. QROPS in Switzerland
Best Retirement Destinations in the World After 25% Exit Tax on Certain QROPS Introduced In this article, we will discuss the best retirement destinations in the world for Brits wanting to move abroad after Philip Hammond introduced a 25% exit tax on many QROPS. If you are moving to the European Economic Area (EEA), Australia,
Australian SMSF QROPS | Transferring a Pension to Australia In September, 2016, the Australian government has released an amended Australian superannuation package and how it pertains to transfers from UK pension to Australian SMSF QROPS compliant superannuation funds. Once legislated, most measures will take effect from 1st July, 2017. There are still many unanswered questions
The Government has set up a specialist fraud unit to monitor transfers into Qualifying Recognized Overseas Pension Schemes (QROPS) due to concerns about fraudulent activity and irresponsible transfers.
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