Thursday 2 July 2015

The Inland Revenue Halts All UK Pension Transfers to Australian Supers

HMRC Closes All UK Pension Transfers to Australian Supers •



Read all about how HMRC have closed the door in the face of all UK pension transfers overseas to Australia. Australian Supers and Australian SMSF's have both been halted in HMRC's biggest cull to date of QROPS schemes globally as most fell foul of the age related pension benefit rules. HMRC refused to back down and the QROPS list is looking remarkable shallow compared to before. Expect more QROPS cullings in the future as more QROPS trustees fall foul of the technical pension rule changes.

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