QROPS


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.

All QROPS Articles

How to Set Up an Expat Retirement Plan


Expat Retirement Options : A Guide to Expat Retirement RETIREMENT SURVEY: DON’T LEAVE IT TOO LATE TO SAVE Everyone has a different idea of what their retirement will look like. From travel and adventure to relaxing at home with the family, there’s a myriad of options to consider. One thing’s for sure, you’ll need adequate

Read More

All QROPS Articles

QROPS Argentina


QROPS Argentina A UK pension can be transferred to Argentina via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Argentina. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 8,300 Brits live in Argentina according to a BBC survey. The Argentine peso (ARP) was

Read More

All QROPS Articles

QROPS China


QROPS China A UK pension can be transferred to China via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in China. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 36,000 Brits live in China according to a BBC survey. The term Chinese

Read More

All QROPS Articles

QROPS Kenya


QROPS Kenya A UK pension can be transferred to Kenya via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Kenya. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 32,000 Brits live in Kenya according to a BBC survey. The Kenyan shilling

Read More

All QROPS Articles

QROPS Ghana


QROPS Ghana A UK pension can be transferred to Ghana via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Ghana. There is no overseas transfer charge on a pension transfer to an International SIPP. Nearly 6,000 Brits live in Ghana according to a BBC survey. GHC is the

Read More

All QROPS Articles

QROPS Saudi Arabia


QROPS Saudi Arabia A UK pension can be transferred to Saudi Arabia via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Saudi Arabia. There is no overseas transfer charge on a pension transfer to an International SIPP. 26,000 Brits live in Saudi Arabia, but only 142 pensioners. Most

Read More

All QROPS Articles

QROPS Jamaica


QROPS Jamaica A UK pension can be transferred to Jamaica via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Jamaica. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 52,000 Brits are resident in Jamaica and Barbados according to a BBC

Read More

All QROPS Articles

QROPS Dubai


QROPS Dubai A UK pension can be transferred to Dubai via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Dubai. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 55,000 Brits are resident in the United Arab Emirates according to a

Read More

All QROPS Articles

QROPS Brazil


QROPS Brazil A UK pension can be transferred to Brazil via a QROPS, however there is now a 25% Overseas Transfer Charge (OTC) for residents living in Brazil. There is no overseas transfer charge on a pension transfer to an International SIPP. Over 11,000 Brits are resident in Brazil according to a BBC survey. BRL

Read More