jmo

Hi - I have held a QROPS for the last 3 complete tax years (as per HMRC definition) , transfer was 2021. It is a private pension. I am over 55. I have a couple of questions regarding the rules on taking a lump sum: 1. If my pension was in the UK, I could take 25% lump sum free from UK tax since I am over 55. Is the same true now it is in a QROPS, or I need to wait until Apr 2027 when full 5 years complete in the QROPS? 2. I'm uncertain as to the relevance of the 10 year QROPS rule. Would it apply to me and how would I know if I've fallen foul of it? 3. Can a lump sum from a QROPS only happen once at commencement, or can be taken in a few small lump sum up to an allowed limit? Thank you!