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Crackdown on UK-NZ pension transfers
Monday 12th of December 2011
The UK's tax department Her Majesty's Revenue and Customs (HMRC) has proposed big changes to the Qualifying Recognised Overseas Pension Schemes (QROPS), which are used by expatriate Britons who want to transfer their UK pensions over to their new country.
There are roughly 3000 QROPS schemes in nearly 50 jurisdictions worldwide, including about 60 in New Zealand.
As well as introd...
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