UK scraps 70% ‘income for life’ rule for overseas pensions

Added 25th November 2016

The UK government has announced it will abolish a rule requiring recognised overseas pensions schemes (Rops) to earmark 70% of funds to provide members with an income for life, as further details emerge on HM Revenue & Custom’s overhaul of foreign pensions unveiled in this week’s Autumn Statement.

UK scraps 70% ‘income for life’ rule for overseas pensions

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