The HMRC QROPS List holds the details of 2,411 offshore pensions, with two out of three held by expats in Australia.
Table of contents
The top 10 QROPS host countries manage 2,361 of the global total, which leaves 50 QROPS shared among the remaining 18 countries offering the pensions.
HMRC QROPS List – By country
| Country | No of QROPS |
| Australia | 1594 |
| Austria | 3 |
| Barbados | 1 |
| Belgium | 4 |
| Bulgaria | 3 |
| Canada | 5 |
| Denmark | 1 |
| EU Institution | 1 |
| Finland | 1 |
| Germany | 6 |
| Gibraltar | 28 |
| Guernsey | 70 |
| Hong Kong | 10 |
| Iceland | 1 |
| India | 19 |
| Ireland | 63 |
| Isle of Man | 340 |
| Jersey | 82 |
| Kenya | 2 |
| Latvia | 4 |
| Luxembourg | 2 |
| Malta | 31 |
| Netherlands | 97 |
| New Zealand | 37 |
| Norway | 1 |
| Slovakia | 1 |
| Sweden | 2 |
| Switzerland | 2 |
| Total: | 2411 |
HMRC QROPS List – Top 10 countries
Countries by number of QROPS listed offering the most QROPS
| Country | No of QROPS |
| Australia | 1594 |
| Isle of Man | 340 |
| Netherlands | 97 |
| Jersey | 82 |
| Guernsey | 70 |
| Ireland | 63 |
| New Zealand | 37 |
| Malta | 31 |
| Gibraltar | 28 |
| India | 19 |
| Total: | 2361 |
HMRC QROPS List – Changes
QROPS pensions added, amended, or removed in the latest list
| QROPS | Country | Added | Amended | Removed |
| Atkinson Superannuation Fund | Australia | x | ||
| AM Foulds SMSF | Australia | x | ||
| Finger Lime Super Fund | Australia | x | ||
| Gemmy Buttons Retirement Fund | Australia | x | ||
| Graham Morris Super Fund | Australia | x | ||
| Hale Family Superannuation Fund | Australia | x | ||
| HarpsfundNo1 | Australia | x | ||
| Incant Forward Super Fund | Australia | x | ||
| JA Currie Super | Australia | x | ||
| Jezabee Retirement Fund | Australia | x | ||
| Ms J M Prideaux & Mr M C Inett Superfund | Australia | x | ||
| Pennycott Super Fund | Australia | x | ||
| Sixhundred Superannuation Fund | Australia | x | ||
| Geotrish Super Fund | Australia | x | ||
| GW & MI Rowlands Superannuation Fund | Australia | x | ||
| Dunlops Knots RATS | Guernsey | x | ||
| Construction Executive Retirement Savings | Ireland | x | ||
| Cunliffe Personal Pension Scheme | Isle of Man | x | ||
| Hull SIPP | Isle of Man | x | ||
| M C Turnbull Personal Pension Scheme | Isle of Man | x | ||
| Mr Lippy’s Personal Pension Scheme | Isle of Man | x | ||
| Optimus Retirement Benefit Scheme | Isle of Man | x | ||
| Sandford Pension Investments Ltd | Jersey | x | ||
| i-Select PIE Superannuation Scheme | New Zealand | x | ||
| Totals: | 14 | 0 | 8 | |
| QROPS listed April 29, 2022 | 2405 | |||
| Net change since April 29, 2022 | 6 | |||
| QROPS listed May 16, 2022 | 2411 | |||
| QROPS Jurisdictions | Added | Removed | ||
| None | ||||
| Totals: | 0 | 0 | ||
| Countries with QROPS listed May 16, 2022 | 28 | |||
| Net change since April 29, 2022 | 0 | |||
| Countries with QROPS listed May 16, 2022 | 28 |
QROPS List FAQ
The QROPS List is an invaluable free tool for advisers and retirement savers seeking an expat pension.
However, using the data is often misunderstood, so here are the answers to some of the most asked questions about QROPS expat pensions.
What is the QROPS List?
The HMRC list tells overseas pension providers and retirement savers transferring funds from a UK pension to a QROPS or between offshore pension providers which schemes qualify for QROPS status.
QROPS providers certify their schemes meet UK offshore pension and tax rules to go on the list, but HMRC warns this does not mean any are approved or sure to be QROPS.
So retirement savers should check the latest QROPS list before transferring any money.
QROPS Overseas Transfer Charge
The overseas transfer charge is 25% of the transfer value of a fund moved into a QROPS or between QROPS.
For expats living inside the European Economic Area (EEA), countries offering QROPS that are not subject to the overseas transfer charge are:
- Austria
- Belgium
- Bulgaria
- Denmark
- Finland
- Germany
- Iceland
- Ireland
- Latvia
- Luxembourg
- Malta
- The Netherlands
- Norway
- Slovakia
- Sweden
QROPS countries outside the EEA
Outside the EEA, expats are subject to the transfer charge if they do not live in the same country as the pension is administered – these are:
- Australia
- Barbados
- Canada
- Gibraltar
- Guernsey
- Hong Kong (China)
- India
- Isle of Man
- Jersey
- Kenya
- New Zealand
- Switzerland
Other exceptions to the transfer charge may apply if an employer or multinational non-government organisation runs the scheme, such as the EU QROPS.
A five-year residence rule may also apply.
Click here for official guidance on the overseas transfer charge
Why does HMRC remove pensions from the QROPS List?
HMRC delists QROPS for several reasons, including:
- The provider closes
- The last pension member has left the scheme, either by transferring out, dying or exhausting the fund
- Tax avoidance issues
- The scheme stays a QROPS, but the provider invokes confidentiality, excluding the pension from the list
Delisting should not imply wrongdoing by a retirement saver or provider.
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