Qualifying Recognised Overseas Pension Scheme, or QROPS is an overseas pension scheme that meets certain requirements set by Her Majesty’s Revenue and Customs(HMRC).

A QROPS must have a beneficial owner and trustees, and it can receive transfers of tax-relieved UK pension benefits. The QROPS programme was part of UK legislation launched on 6 April 2006 as a direct result of EU human rights requirements of the freedom of capital movement.

A QROPS was later renamed ROPS (Recognised Overseas Pension Scheme), but is still popularly known as a QROPS.

A QROPS is suitable for UK pension holders who wish to emigrate abroad permanently and transfer their pension schemes out of the UK tax net.

Both defined contribution & defined benefit pension schemes can be transferred, although HMRC frowns on final salary pension transfers due to the loss of a guaranteed pension income for life.

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Australian SMSF QROPS | UK Pension Transfers to Australia

Australian SMSF QROPS | Transferring a Pension to Australia In September, 2016, the Australian government has released an amended Australian superannuation package and how it pertains to transfers from UK pension to Australian SMSF QROPS compliant superannuation funds. Once legislated, most measures will take effect from 1st July, 2017. There are still many unanswered questions

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