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New Zealand KiwiSaver schemes fall off HMRC QROPS list

New Zealand KiwiSaver schemes fall off HMRC QROPS list

The number of New Zealand-based pension schemes on the latest HMRC approved list, released on 19 May, has dropped to 34 from 57, with KiwiSaver schemes notably absent from the remainder. 

The news comes after HMRC last month issued a "pension age test" letter to the managers of all overseas pension schemes following the reforms to UK pensions on 6 April, which saw full flexibility introduced to many of the schemes. Please link to International Adviser to read the full article by Daniel Flynn

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