A petition has been launched by expat pension protestors against the UK Government’s tax on Qualifying Recognised Overseas Pension Schemes (QROPS).
The petition to the UK Parliament - Scrap the 25 percent overseas transfer charge expats pay on QROPS pensions – is aimed at getting rid of the charge expatriates pay on moving pensions from the UK to a QROPS or between QROPS unless they live in Europe or one of 13 countries which have QROPS outside Europe.
The petition’s author, William Wilson, said the current system was “unfair to the thousands who cannot access a QROPS pension where they live...