Can I transfer benefits that are in payment to a QROPS?
September 5, 2009
YES - so long as the receiving QROPS is willing to accept transfers of funds where the member is in receipt of unsecured or alternatively secured income.
If the member has not been a UK resident during the last five complete tax years the UK rules associated with these benefits do not apply. The UK provisions associated with these type of benefits apply until the five year rule has been satisfied.
Annuities in payment and pensions in payment from occupational final salary schemes may not be transferred.
