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If you are not UK resident but have UK pension rights you may be liable for UK tax charges in certain circumstances. For example, payments made from UK pension schemes may be subject to additional taxes in the UK. For example, on death the total tax on a UK pension fund would be 55% of that fund. There are also charges on Taxable Property which could mean that up to 55% tax would be payable on assets held in your scheme. If, however, you have been non tax resident in the UK for five complete years, and your pension has been transferred into a QROPS, this charge would not apply. You should always take advice from an appropriately qualified person before electing to transfer any pension benefits.
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