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QROPS now trapped in KiwiSaver funds

Monday 29th of June 2015
The savings industry in New Zealand has been caught on the back foot after the UK regulators poorly implemented a series of changes around QROP transfers.
The UK tax department HMRC decided, on April 4, that UK pensions could no longer be transferred to KiwiSaver funds.
It said KiwiSaver funds didn't qualify for QROPS transfers as members could withdraw funds before they reached 55...
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