HMRC culls QROPS list leaving solitary Australian option

HMRC's list, which had been temporarily suspended since 17 June, was today brought back online. Following recent changes to UK pension legislation the revenue wrote to overseas pension schemes asking them to confirm whether they continue to meet the requirements to be a QROPS. Sackers partner Claire Carey explained: "The recent legislative changes to the rules governing QROPS mean that benefits cannot generally be paid before age 55, unless the transferring member is retiring due to ill-health. "This so-called ‘pension age test has been causing difficulties for pension schemes in c...