Keeley Paddon: Top of the QROPS

In last month's Spring Budget, the government announced a number of changes to the tax treatment of transfers of tax-relieved pension savings to qualifying recognised overseas pension schemes (QROPS). Legislation will be introduced in the Finance Bill 2017. As of 9 March 2017, the day after the Budget, in addition to the checks you make to ensure an overseas transfer is a recognised transfer you now also need to check if the overseas transfer charge applies. The overseas transfer charge will apply on transfers to QROPS if your scheme member formally requested their transfer on or afte...