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QROPS Advice: How New HMRC Rules Could Impact Your Overseas Pension Transfer

If you’re considering transferring your UK pension overseas, the recent changes to QROPS rules could significantly impact your retirement plans—especially if you’re heading to popular destinations like France, Portugal or Spain.  From 30 October 2024, the UK government has removed the exemption from the Overseas Transfer Charge (OTC) for transfers to QROPS (Qualifying Recognised Overseas Pension Schemes) in the EEA and Gibraltar. In this article, I’ll explain what these changes mean, how they affect QROPS transfers…

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