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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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