Since Qualifying Recognised Overseas Pension Schemes (QROPS) was launched in April 2006 by Her Majestys Revenue and Customs (HMRC) as a part of new legislation with the objective of simplifying pensions, there has been so much written about QROPS. We have decided to attach some QROPS facts and figures relating to the regulation of these …
Tag Archives: HMRC
QROPS now ROPS
In our previous article ‘HMRC QROPS List’ we stated that as of 15 April 2015 the word “qualifying” from Qualifying Recognised Overseas Pension Schemes (QROPS) had been removed from HMRC QROPS list and now referred only to as ROPS (Recognised Overseas Pension Schemes). If you speak to anyone who has left (or thinking of leaving) …
Pension Consolidation
Most people, during their career, will change jobs and accumulate a number of different pension plans. Having your pension plans in a number of different places may result in policies getting lost or forgotten about. Small pension plans may prove to be less cost effective to manage. And most importantly some pension plans may have …
HMRC QROPS List
Her Majesty’s Revenue and Customs (HMRC) QROPS list is a public resource that tells pension scheme administrators, financial advisers and investors if a Qualifying Recognised Overseas Pension Scheme meets the conditions to be a QROPS and has asked to be included on the list. HMRC QROPS list is published by the Pension Schemes Services (PSS) …