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First the Financial Conduct Authority sharpened its scrutiny of the international pension transfer market, now HM Revenue & Customs is muscling in with some demanding deadlines to conform to the 25% transfer tax on Qrops.

On 18 April, HMRC will be publishing an updated Rops list of all the Qrops schemes that have given “an undertaking that they will operate the new overseas transfer charge and pay this to HMRC when due”.

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About International Adviser

As HM Revenue & Customs clamps down on the Qrops transfer market with a 25% tax charge, technical guru Brendan Harper gives his verdict on the latest international pension developments, The Fry Group’s top financial advisers in Singapore and Hong Kong talk about their fee-based approach and Old Mutual International’s Peter Kenny explains their new focus on high net worth clients.
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