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: qrops legislation
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) …
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) …
QROPS Malta Changes
6 April 2015 brought the implementation of a series of UK pension reforms, which also had an impact on Qualifying Recognised Overseas Pension Schemes (QROPS). One of the jurisdictions affected was Malta. Below we will outline the QROPS Malta changes. QROPS Malta changes will no longer allow benefits to be paid from age 50. The …
The Benefits of a QROPS Vs. A UK-based Pension Scheme
If you have savings in a UK pension scheme but have been living abroad for 5+ years or considering moving abroad, you may be wondering if a Qualifying Recognised Overseas Pension Schemes (QROPS) is right for you. The table below will give you an indication of the benefits of a QROPS Vs. A UK-based pension …
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