I searched this topic and it has been a while since there has been any discussion around this.
Maybe I am the last one leaving the party but...
I moved my UK pension to a QROPS in Malta in 2016 (since you ask, it seemed like a good idea at the time).
I have not been resident in the UK since 2006 and the pension has now been invested for more than five years.
If I were to close it down and transfer the funds to a more efficient savings vehicle (ETF):-
on the UK side, I believe that no tax would be payable.
on the Swiss side, I believe there would be a potential adjustment in wealth to consider for tax purposes (but not a significant amount).
Am I missing something or is this the most logical way to go?
Any thoughts would be most welcome as the internet seems to tell several different stories and sound financial advice is hard to come by when there is more than one country involved.