What level of income can be paid from a The Overseas Pension – QROPS?
If the member has been UK tax resident in any of the previous 5 years then the income would be subject to the same restrictions as in the UK i.e. income restricted by the G.A.D. calculation or Scheme Pension rules. Scheme Pension rules would give a higher income for individuals in poor health and/ or older individuals. If the member was not UK tax resident in any of the previous 5 years then the income would be in line with Guernsey rules. Guernsey rules allow for the actuarial calculation of income thus members in poor health, who are older and/ or have greater risk tolerance, may be able to take a relatively high level of income.
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