Pensions: what's new this week - March 31, 2025
By EsqSocial Corporation 01/04/25
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Finance Act 2025 receives royal assent - The Finance Act 2025 has received royal assent. In relation to pensions, the Act: - Removes the current exemption from the 25% overseas transfer charge (OTC) for transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) established in the EEA and Gibraltar. This change applies to...
By: A&O Shearman