As announced, the government is consulting on changes to the conditions that an overseas pension scheme has to meet to get UK tax relief for contributions or transfers.
This document provides guidance in relation to the changes to the conditions to be an ‘overseas pension scheme’ and a ‘recognised overseas pension scheme’ and the UK taxation of payments pout of the funds that have had UK tax relief.
If you would like to comment on this draft guidance, please send responses via email: pensions.policy@hmrc.gsi.gov.uk by 1 February 2017.
Source: HMRC