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Old 15.09.2015, 20:27
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Re: Pension Slip for Previous Pension Fund (forwarded?)

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Little update here: Swiss pension funds no longer qualify as QROPS. HMRC don't want people withdrawing money from their pension pot (for example to purchase a property or as part of a divorce settlement) after a certain age (55 I believe but don't remember off the top of my head). Obviously under Swiss law pension funds cannot deny their members these requests so *poof* no more QROPS here. Not sure how this impacts those who already transferred their assets but imagine they are safe. If anyone has any info/amendments/corrections please do chime in, I would be interested to know (from a professional perspective as the only workplace pension I've ever had is here!).
As UK pension funds can now be cashed in from age 55, it's not the age issue. More likely the house purchase / divorce issue.

Anyone who has a QROPS but then moves back to the UK will end up paying more tax than if it had remained a UK pension. They will only get 10% tax free rather than 25% so potentially a bad deal.
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