Even before 6th April 2006 it was possible to transfer UK pensions overseas if certain requirements were met. However the procedures were complex and required tax residency in the jurisdiction of transfer.

    “Pensions Simplification” legislation took effect from 6th April 2006. This introduced the system for recognition by Her Majesty's Revenue and Customs (HMRC - formerly the Inland Revenue) of a “Qualifying Recognised Overseas Pension Scheme" - QROPS, which has made overseas pension transfer much easier.

    WHAT IS A QROPS?

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