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UK announces sweeping reforms to Rops

UK announces sweeping reforms to Rops

The UK government has announced a major overhaul to the way recognised overseas pension schemes (Rops) are taxed, bringing the products in line with UK pensions. In the Autumn statement document, published following the chancellor Philip Hammond's speech on Wednesday, the UK Treasury set out plans that will see income from foreign pensions, the bulk of which consist of Rops, treated the same as income from UK pensions. Please link to International Adviser to log in and read the full article by Monira Matin.

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