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For those with total balances from all funds of less than £5,000 at Year End, can the QROPS regulations be relaxed. This amount to be related to a UK cost of living index?

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For those with total balances from all funds of less than £5,000 at Year End, can the QROPS regulations be relaxed. This amount to be related to a UK cost of living index?

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A. Section 169 of FA 2004 and the associated regulations apply to all transfers to a QROPS. There is no discretion allowed.

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