QROPS List – August 1, 2017

QROPS offshore pensions are still opening at the rate of one a day despite media reports suggesting the market is stalling.

The latest list of QROPS from HM Revenue & Customs has 13 added schemes taking the global total to 1,026 pensions in 29 financial centres.

Two weeks ago, when the last list was released, the 1,013 across 29 centres.

Providers are rapidly piling on the number of QROPS following a compliance crackdown by HMRC at the start of the financial year in April.

QROPS opens every day

Then, the total dropped by 410 from 1,342 pensions, while nine financial centres stopped listing QROPS.

The new list shows six QROPS added in Australia; three in the Isle of Man, and one each in Garmany; Gibraltar; Guernsey and Hungary.

The HMRC list is vital information for pension providers transferring funds from the UK to a QROPS and retirement savers as money cannot be switched to an offshore scheme not included in the listing.

QROPS providers must certify their schemes meet HMRC pension and tax rules.

The next HM Revenue and Customs QROPS List is scheduled for August 15, 2017.

For more information about QROPS and the benefits it provides, download the iExpats QROPS Guide or complete the Get Advice form.

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Compiled by the leading pension experts, our QROPS guide outlines what a transfer entails, when it’s the right option, and ultimately, how to create a secure financial future. You can download the guide here.

View the latest itemised list of QROPS from HMRC here

QROPS List By Financial Jurisdiction

Financial CentreNo of QROPS
Total:1026
Australia460
Austria6
Barbados1
Belgium1
Bulgaria3
Denmark1
EU Institution1
Finland1
Germany10
Gibraltar41
Guernsey31
Hong Kong21
Hungary2
India13
Ireland53
Isle of Man253
Jersey34
Kenya1
Latvia3
Liechtenstein1
Luxembourg2
Malta34
Mauritius2
Netherlands14
New Zealand31
Norway1
South Africa3
Spain1
Switzerland1

Source: HMRC

The table shows the net number of schemes, accounting for new listings and removals since the publication of the last list.

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Find out how you could save tax, increase growth and investment opportunities with this simple, no-nonsense guide that will introduce QROPS, SIPPs and QNUPS options and talk through the pros and cons. Download the free guide by following the link below

QROPS List – August 1, 2017
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