In April 2016, GBPensions reported on upcoming changes to New Zealand pension legislation, restricting withdrawal benefits of any UK pension funds that might be transferred under the QROPS (Qualifying Recognised Overseas Pension Scheme) regime. These proposals would have drastically affected the amounts that could be accessed and when.
The "top line" of these proposals meant that, instead of being able to withdraw approx. 30% of the transferred fund at age 55, members would only be able to take less than 10% at that age.
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