In the past 12 months there have been significant changes to the qualifying recognised overseas pension scheme (QROPS) for UK pension transfers. What’s the latest with these changes, and where do those with UK pensions stand?
Background on ROPS
It is a designation by Her Majesty’s Revenue and Customs (HMRC) that a Recognised Overseas Pension Scheme (ROPS), itself a UK Treasury designation, will accept transfers from UK pension schemes without those transfers being considered a benefit crystallisation event.
What does this mean?
Well, ...Continue Reading →