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Don't fall foul of overseas pension transfer rules

If you're planning to retire in the sun, make sure you don't fall foul of the changes to qualifying recognised overseas pension schemes
March 16, 2017

Since 9 March all qualifying recognised overseas pension schemes (QROPS) transfers will have to pay a charge of 25 per cent of their value unless the transfer meets certain exemptions.

The transfer will not incur the charge if:

• the individual and the pension savings will be based in the same country,

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