New QROPS Guidance from Inland Revenue. IOM50c Delists

New QROPS Guidance from Inland Revenue. IOM50c Delists
The Inland Revenue in the UK have released their new QROPS guidance notes. Basically, for all new QROPS, they must:

meet condition "4" which is that local residents and non-residents must be taxed the same and the scheme is open to local residents.
schemes must report to HMRC for 10 years from date of transfer
70% of pension pot must provide an income for life
The transfer is a benefit crystallisation event for the purpose of the member's lifetime allowance (see RPSM11100010 onwards). The amount crystallised is the amount of

new qrops rules