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UK Pension Changes

Important changes to UK Pensions under the UK 'Pensions Schemes Act 2015'

How will this affect your UK Pension? 

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UK Pension QROPS rules

UK Pension QROPS rules changed on 6th April 2012

From 6th April 2012 the UK HMRC issued New QROPS Rules and New QROPS Guidance for overseas transfers of UK Pension savings to QROPS schemes.

You can still gain the benefits of transferring your UK Pension to New Zealand, however the UK QROPS changes mean that no pension withdrawals will be allowed by the HMRC before the UK minimum retirement age of 55, and then any withdrawals will be restricted to a maximum lump sum of 30%, with the 70% balance remaining used to provide an 'income for life' in retirement.

We are here to help - call 0800 697367 or complete our free assessment.

Taxation issues can be complex and we always advise you to contact your own taxation and legal professional.

Start your transfer now!  It's easy and costs nothing to find out what your UK Pension is worth!  Get started now