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Old 19.01.2012, 18:32
swans1984 swans1984 is offline
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Re: Transfer UK pension to QROPS in Switzerland after 5 UK tax years

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@Swans1984: I never said you have to be outside the UK for 5 years to transfer to a QROPS. You can have it transferred as soon as you leave the UK.
You will have to wait for 5 full tax years until you can get it out of the QROPS you transferred it to, otherwise you will be fined.
Also you need to be 55 years old or over to get your hands on the money and then you can only get 30% of the pension pot tax free.

The way you expalined it sounds strange, as for 10k there it will not be worth transferring due to the set up costs and the management fees of teh trustee.
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