QROPS

When can I move my money out of the QROPS?

2022-11-10T14:15:57+09:30November 2nd, 2022|Pension, QROPS|

Transferring your pension into a registered QROPS scheme triggers the need to be in a QROPS for five full UK tax years (as a minimum). HMRC also has a 10-year reporting requirement. During this period any money moved into a non-QROPS within the relevant period will trigger an unauthorised payment charge of up to 55%. [...]

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