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Posted Fri, 22 Dec 2023 19:21:20 GMT by
I set up QROPS in 2015 and am over 55. I'm looking to take a significant amount (30%-50%) out? Can I do that and what would be implications. Also can I transfer the remaining to a relative (a niece age 6). I have no plan to return to UK within 5 years. Thank in advance K
Posted Fri, 05 Jan 2024 15:36:05 GMT by HMRC Admin 5 Response
Hi

Please refer to PTM112010 - International: qualifying recognised overseas pension schemes (QROPS): introduction.
You would also need tocheck with your pension scheme to see if the transfer to your neice is allowable.

Thank you

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