HMRC QROPS List – September 20, 2022

The number of expat offshore pensions increased in the first three weeks of September.

Most of the QROPS activity took place in Australia – where 25 pensions opened and one was delisted.

However, another 12 QROPS were delisted in Ireland (3) and the Isle of Man (9).

HMRC declines to comment on why pensions are amended or delisted.

The latest HMRC QROPS List details 2,446 pensions in 28 countries.

The top 10 QROPS host countries manage 2,394 of the global total, which leaves 52 QROPS shared by the remaining 18 countries offering pensions for expats.

HMRC QROPS List – By country

Country	No of QROPS
Australia	1633
Austria	3
Barbados	1
Belgium	4
Bulgaria	3
Canada	6
Denmark	1
EU Institution	1
Finland	1
Germany	6
Gibraltar	28
Guernsey	68
Hong Kong	11
Iceland	1
India	23
Ireland	58
Isle of Man	333
Jersey	82
Kenya	2
Latvia	4
Luxembourg	2
Malta	31
Netherlands	100
New Zealand	38
Norway	1
Slovakia	1
Sweden	2
Switzerland	2
Grand Total	2446

HMRC QROPS List – Top 10 countries

Countries by number of QROPS listed offering the most QROPS

Country	No of QROPS
Australia	1633
Isle of Man	333
Netherlands	100
Jersey	82
Guernsey	68
Ireland	58
New Zealand	38
Malta	31
Gibraltar	28
India	23
Grand Total	2394

HMRC QROPS List – Changes

QROPS pensions added, amended, or removed in the latest list

QROPS	Country	Added	Amended	Removed
Bedwin SMSF	Australia	x
Beilby & Cheng Superfund Pty Ltd	Australia	x
Bob Superannuation Fund	Australia	x
Brown Retirement Fund	Australia	x
David J Young Superannuation Fund	Australia	x
Gilpin Family Superannuation Fund	Australia	x
Gundlach SMSF	Australia	x
Helmutbag Investment	Australia	x
Hunter Lamont 2DHU Super Fund	Australia	x
Mackle SMSF	Australia	x
Majestic IT SMSF	Australia	x
MaladRash SMSF	Australia	x
Oberon SMSF	Australia	x
PF Super Fund	Australia	x
RBD66 Superfund	Australia	x
Rigg Retirement Fund	Australia	x
Rough Superannuation Fund	Australia	x
Stanrose Super Fund	Australia	x
The Fletcher Super Fund	Australia	x
The Ruddster’s Pension Fund	Australia	x
The Slinger Family Super Fund	Australia	x
The Tre Cose Superannuation Fund	Australia	x
V&N Powell Superannuation Fund	Australia	x
V&S Superannuation Fund	Australia	x
WN Davies SMSF	Australia	x
Peake Superannuation Fund	Australia			x
HDFC Life Systematic Pension Plan	India	x
An Post Main Superannuation Scheme 1990	Ireland			x
An Post Spouses’ and Children’s Contributory Scheme 1990	Ireland			x
Dovehouse SSAS	Ireland			x
Enthusiasm Personal Pension	Isle of Man	x
The S Wilson Family Trust	Isle of Man	x
Butler Personal Pension Scheme	Isle of Man			x
CIR Personal Pension Scheme	Isle of Man			x
Holt Personal Pension Scheme	Isle of Man			x
Isabel Marion Lawrence Personal Pension Scheme	Isle of Man			x
Rhodes B Personal Pension Scheme	Isle of Man			x
William Lloyd Bennett Personal Pension Scheme	Isle of Man			x
Woodentops Personal Pension Scheme	Isle of Man			x
Moore Stephens Channel Islands Pension Plan	Jersey			x
Shaws RB Limited	Jersey			x
The Gates SMS	New Zealand	x
		29	0	13
QROPS listed September 01, 2022				2430
Net change since September 01, 2022				16
QROPS listed September 20, 2022				2446
QROPS Jurisdictions			Added	Removed
None
Totals:			0	0
Countries with QROPS listed September 20, 2022		28
Net change since September 01, 2022				0
Countries with QROPS listed September 20, 2022		28
Next HMRC QROPS List due October 01, 2022

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.

Related Information

Below is a list of related articles you may find of interest.

• QROPS List – September 22, 2021
• Where Can Expats Live And Have A QROPS Pension?
• QROPS List – October 1, 2020
• QROPS List – November 01, 2021
• QROPS List – June 15, 2019