All QROPS income set to be taxed, govt confirms
Aims to limit inconsistencies
The government has confirmed it will change the way qualifying recognised overseas pension schemes (QROPS) are taxed, with the aim of limiting inconsistencies in the tax treatment of UK and foreign pension savings.
The Finance Bill, issued on 5 December 2016, confirmed the government would bring the tax treatment of QROPSs in line with UK registered pension schemes. From 6 April 2017, 100% of the income received...
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