Latest changes to QROPS rules 2017

The latest UK Budget 9th March 2017 included a number of changes to the QROPS rules.

These include the Overseas Transfer Charge from 9th March 2017 exemptions applies.

New QROPS Flexi access for Pensions after age 55 in line with UK rules giving more choice on how you take your retirement income.

10 year HMRC reporting rules on Pension payments.

UK Resident 100% Foreign Pensions now taxed.

It has never been more important to get independent financial advice as this involves the management of your retirement savings.