MB1971
-
RE: QROPS 5 Year Tax Rule
I moved to Spain in 2017 and transferred my pension to a QROPS in Malta in Sept 2019. Now I’m thinking of moving back to the UK and deciding if I move my pension. I haven’t taken any of the pot as yet. Do I need to wait until 5 full tax years since the transfer before I physically move? Will I invite the 25% charge if I move me and not the pension before that date? Or is it just 5 full tax years before moving the pension, and I can move ahead of that without incurring the tax?