Paola Pocek
Joined: 9/11/2024
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RE: QROPS 5 Year Tax Rule
Hi! I’m seeking guidance on the 25% tax free sum. I’ve been living in Italy since 1997 and had a QORPS pension initiated in 2018 in Malta, transferring my UK private pension there. I would now need to withdraw 25% of my pension to cover costs in Italy. My Italian tax advisor is unable to find any information on the supposedly tax free initial withdrawal of up to 25%. Is there an harmonised situation with Italy even after Brexit?