If your retirement savings are held in an overseas scheme, changes to pension rules may affect your options. In recent years, many Qualifying Recognised Overseas Pension Schemes have been removed from the HMRC recognised list. This can sometimes result in restricted access, limits on transfers and potential tax implications. Every case is different, and the impact will depend on your personal circumstances.
In our latest newsletter we outline what these changes may mean, the current HMRC position on transfers, and the importance of seeking regulated financial advice before making any decisions.
