KiwiSaver
KiwiSaver schemes lose QROPS status
Tuesday 12th of May 2015
A Qualifying Recognised Overseas Pension Scheme (QROPS) is a scheme that meets requirements set out by Britain’s HM Revenue and Customs (HMRC).
British migrants can transfer their UK pension benefits to the schemes without having to pay an unauthorised payment charge of 55% on the transfer.
Many make the transfer seeking simplicity, wanting to consolidate their retirement savings...
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