Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether the regulations that allow the transfer of a private pension scheme to a Qualifying Recognised Overseas Pension Scheme within the European Economic Area will be exempt from tax after the UK has left the EU.

The regulations that allow a tax-free transfer of a private pension scheme to a QROP within the EEA are domestic law which currently comply with EU fundamental freedoms. Whether or not these transfers will be exempt from the overseas transfer charge once the UK leaves the EU is dependent upon the terms of future exit agreement between the UK Government and the EU.