Qualifying Recognised Overseas Pension Scheme (QROPS) providers have kicked off the New Year on a high note by opening more than two dozen new pensions.
The latest list of QROPS published by HM Revenue & Customs (HMRC) shows the number offshore pensions worldwide increased by 27 to 943 since the last list was released on December 15.
The new schemes are in:
- Australia (14)
- Hong Kong (6)
- The Netherlands (2)
- France, Germany, Isle of Man, Jersey and Turkey (One each)
The Isle of Man remains the place offering the most QROPS, with 202, followed by Guernsey with 135 – just over a third of all the pensions available worldwide.
No other financial centre is in treble figures.
The next QROPS List is due for publication by HMRC on January 15, 2016
View the latest itemised list of QROPS from HMRC here
QROPS List By Financial Jurisdiction
| Financial centre | No of QROPS |
|---|---|
| Australia | 53 |
| Austria | 7 |
| Barbados | 1 |
| Belgium | 14 |
| Bulgaria | 2 |
| Canada | 64 |
| Czech Republic | 2 |
| Denmark | 4 |
| European Union | 1 |
| France | 11 |
| Germany | 30 |
| Gibraltar | 46 |
| Greece | 1 |
| Guernsey | 135 |
| Hong Kong | 11 |
| Hungary | 1 |
| Iceland | 1 |
| India | 8 |
| Ireland | 82 |
| Isle of Man | 202 |
| Italy | 19 |
| Jamaica | 1 |
| Jersey | 83 |
| Kenya | 1 |
| Kosovo | 1 |
| Latvia | 3 |
| Liechtenstein | 3 |
| Luxembourg | 4 |
| Malta | 23 |
| Mauritius | 1 |
| Netherlands | 61 |
| New Zealand | 31 |
| Norway | 5 |
| Portugal | 4 |
| South Africa | 12 |
| Spain | 3 |
| Sri Lanka | 1 |
| Sweden | 6 |
| Switzerland | 1 |
| Turkey | 2 |
| United States of America | 2 |
| Total: | 943 |
Source: HMRC
