I live in Canada and up until last year I was able to transfer my private UK pension to Canada on a tax deferred basis under the QROP rules (Qualified Registered Overseas Pension) . I didn't do this at the time as I was waiting for a better exchange rate.
I can't now do this as the UK has just removed Canada from the QROP's eligibility. Does anyone know why and does anyone know if there is a workaround or if anything is being done to rectify this?
No one on this end knows the answer.
P.S. I'm just off to watch a football match so maybe won't get back to anyone for a bit.
Or more seriously, would it be advantageous to host your pension 'offshore'? I know there was an industry based around that here in Guernsey until QROPs rules changed. Might be worth speaking to someone like Concept Trustees.