Policy paper

Qualifying recognised overseas pension schemes: charge on transfers

This measure ensures transfers to qualifying recognised overseas pension schemes (QROPS) requested on or after 9 March 2017 will be taxable under defined conditions.

• From: HM Revenue & Customs
• Published: 8 March 2017

Documents

Qualifying recognised overseas pension schemes: charge on transfers

The overseas transfer charge - guidance

Qualifying recognised overseas pension schemes regime

Draft legislation

PDF, 241 KB, 29 pages

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Explanatory note

PDF, 329 KB, 20 pages

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Details

This measure ensures that transfers to QROPS requested on or after 9 March 2017 will be taxable unless, from the point of transfer, both the individual and the pension savings are in the same country, both are within the European Economic Area (EEA) or the QROPS is provided by the individual’s employer.

Published 8 March 2017