What is the 5 year rule?
For the first 5 full tax years that the member is non UK resident the Trustees must report any payments made to the member of a QROPs, for this period the scheme must act in the same way as a UK pension scheme.

What happens if I return to the UK?
The QROPS scheme can stay as it is however the reporting requirement will start again and the scheme will become subject to UK taxes once more. It may be possible to transfer to a QNUPs to retain some of the benefits of a non UK pension scheme.

If I have bought an insurance company annuity, can I still transfer to a QROPS?
No, you must transfer to a QROPS before you buy an annuity. If you are taking a pension “drawdown” from the fund, you can still transfer it.

Can I transfer my state pension into a QROPS?
No, QROPS is for private pension schemes only.

What lump sum can I take?
At least 25%, some will allow 30%, a few will allow more, in most jurisdictions at least 70% must be used to pay a pension.

Can I invest in Residential Property?
No, UK tax relieved funds can never be used to invest in Residential Property.