Gibraltar qrops

As everyone is probably aware Gibraltar did not follow the tax ruling brought in in April allowing flexible access to Qrops pension funds.

However what you may not be aware is now Gibraltar is blocking any transfers out, to anywhere or any products that offers “Better benefits”

So basically transfers to jurisdictions which offer Flexible access ,better  tax arrangements  such as DTA agreements or product such as SIPPs are now blocked. This is regardless of whether e you wish to access funds

The new law was imposed since May and information from my financial adviser and lawyer state that many people including me have been affected.

There is very little information on the internet regarding this at present  but one can only hope a solution will be found soon.