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If a transfer is made from a registered pension scheme to a non QROPS is it treated as an unauthorised payment irrespective of how long the member has been non-UK resident?

April 26, 2017irrespective payment Pension qrops registered Scheme transfer treated unauthorised

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If a transfer is made from a registered pension scheme to a non QROPS is it treated as an unauthorised payment irrespective of how long the member has been non-UK resident?

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A. Yes. An unauthorised payments charge would arise on the member and a scheme sanction charge would arise on the UK scheme if a transfer were made from a UK registered pension scheme to a non-QROPS whenever it was made. There would not be a charge on the overseas pension scheme.