Month: October 2017

Pension transfers for USA residents

As the latest statistics published by HMRC suggest, overseas pension transfers are on the decline. The rule change in March 2017, in which a 25% exit tax was introduced on any UK pension transferred into a jurisdiction other than that where the investor resides, has negated many of the financial benefits offered the world’s Qualifying Recognised Overseas Pension Schemes (QROPS).

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