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Gibraltar shuns flexible access in surprise Qrops twist

Gibraltar shuns flexible access in surprise Qrops twist

Gibraltar will not drop its rule that 30% of a Qrops fund can be taken tax free despite a widespread industry view that HM Revenue & Customs requires full flexible access for all qualifying schemes. The jurisdiction's new pension regulations, announced on Friday, followed "discussions with the UK authorities" in which it was decided not to introduce flexible access for Gibraltar Qrops. Please link to International Adviser to read the full article by Mark Battersby.

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