UK residents should 'act now' on Qrops as rules may change

Added 10th October 2016

Joanne Rodriguez, business development manager for Abacus Financial Services talks about the impact of Brexit on the Qrops industry.

Rodriguez said clients thinking of using the Qrops tool should act sooner rather later given that HM Revenue & Customs could change its rules for overseas pension transfers when the UK leaves the EU.

She said it is likely that HMRC will honour Qrops which have already been put into place when the UK leaves the EU, and that prices are coming down at the present time.

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