LewisLane

Hi, yes we are aware that we do not lose the pension and can draw on it at retirement. The tax implications of moving it here were quite favourable which is why we had planned to do so, our timing was just unlucky. Hopefully there will be HMRC recognised QROPS again as I am sure there are a lot of people in a similar position.

Hi Andy Do you know if there has been any update to the QROPS compliance situation? We had been trying to transfer my husbands NHS pension to a QROPS in Australia ahead of the April deadline and fulfilled all of the criteria set out by HMRC only to find once the deadline came and went the fund we were transferring to was non compliant like all Australian funds were deemed to be so the transfer was frozen. When we contacted NHS pensions in the UK they basically said that because the valuation was only valid for 6 months and the QROPS here were not compliant as yet we would likely lose the opportunity to transfer his pension out to Australia. Obviously this has a huge impact on our financial future. I was wondering if you were aware of any change or options available to us? kind regards Alison