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Experts react to ‘biggest ever’ QROPS changes

Experts react to ‘biggest ever’ QROPS changes

Pension experts have reacted favourably to HM Revenue & Customs' draft legislation proposing full flexibility for QROPS, describing the news as the "biggest change" to the schemes "since they came into play".

The legislation, issued at the end of last month, is currently subject to consultation, and will allow up to 100% lump sum withdrawals from Qualifying Recognised Overseas Pension Schemes (QROPS), removing the current need for a scheme holder to use 70% of their funds to provide an income for life.

Please link to International Adviser to read the full article by Daniel Flynn

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