Canadian QROPS Culled
The HMRC has removed all but three Canadian QROPS schemes from its registered list. This move follows a similar step undertaken in various other countries (e.g. Australia) last year. The net impact of this announcement will catch many people out who were in the midst of moving UK pensions to Canada, or planning on accumulating funds in Canada for their retirement. Alternative strategies do exist however. Please contact us if you would like to discuss these further.