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HMRC waives penalty charges on KiwiSaver pension transfers

HMRC waives penalty charges on KiwiSaver pension transfers

HM Revenue & Customs will waive penalty charges on UK pension fund transfers made between 6 April and 17 June into KiwiSaver schemes which have now lost QROPS status. The Revenue said this decision is limited to schemes named on a spreadsheet provided to them during negotiations with Workplace Savings NZ, Inland Revenue's Policy Advice Division and the Financial Markets Authority. Please link to International Adviser to read the full article by Daniel Flynn.

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