QROPS List – April 15, 2019

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The latest HM Revenue & Customs data for expats with QROPS offshore pensions.

The number of QROPS has increased by 95 since the start of the year.

Find out What is QROPS

HMRC QROPS List – By country

CountryNo of QROPS
Australia880
Austria4
Barbados1
Belgium1
Bulgaria3
Denmark2
EU Institution1
Finland1
Germany8
Gibraltar32
Guernsey64
Hong Kong6
India12
Ireland67
Isle of Man353
Jersey53
Kenya2
Latvia3
Liechtenstein2
Luxembourg2
Malta36
Mauritius1
Netherlands38
New Zealand30
Norway1
Sweden1
Switzerland1
USA2
Total:1607

Data Source: HMRC

HMRC QROPS List – Changes

QROPS pensions added, amended or removed from the list since April 1, 2019.

Booking.com
QROPSCountryAddedAmended Removed
A & L Loomes Super FundAustraliax
Adler Family Superannuation FundAustraliax
Bee Eater Super FundAustraliax
Blake55 SuperfundAustraliax
cgjgperth Super FundAustraliax
DG Ralphs SuperAustraliax
DI Baigent SMSFAustraliax
Goodrich Family Super FundAustraliax
Graham Hardy S.M. Super FundAustraliax
Hewlett Turner SuperAustraliax
Hinchliffe Super FundAustraliax
HJ Howe 55 Super FundAustraliax
Lisben Superannuation FundAustraliax
M Pepper QROPS SMSFAustraliax
Misherwood Super FundAustraliax
Pepco Superannuation FundAustraliax
Peter Shaw Super FundAustraliax
R E Brown Family Super FundAustraliax
Russellsdownunder Super FundAustraliax
Tim Hughes Super FundAustraliax
Tony Storey Super FundAustraliax
Versis Superannuation FundAustraliax
Warhall Super FundAustraliax
Winwood Family Super FundAustraliax
YK Tomlinson Superannuation FundAustraliax
Versorgungseinrichtung der Bezirksarztekammer KoblenzGermanyx
Whitmill QROPSGibraltarx
Hannaaron SIPPIsle of Manx
Truffler LimitedJerseyx
US Voyager Retirement PlanMaltax
Voyager Retirement PlanMaltax
TicketSwap B.V. by Brand New DayNetherlandsx
   
Totals:2903
Net change:32

Data source: HMRC

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

The second table details the changes.

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 certain to be QROPS. Retirement savers should check this before transferring any money.

The next HM Revenue and Customs QROPS Listis scheduled for May 1, 2019.

QROPS overseas transfer charge

The overseas transfer charge is calculated as 25% of the transfer value of a fund 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
  • Gibraltar
  • Ireland
  • Latvia
  • Liechtenstein
  • Luxembourg
  • Malta
  • The Netherlands
  • Norway
  • Sweden

QROPS countries outside the EEA

Countries outside the EEA are subject to the transfer charge if an expat does not live in the same country as the pension is administered – these are:

  • Australia
  • Barbados
  • Guernsey
  • Hong Kong (China)
  • India
  • Isle of Man
  • Jersey
  • Kenya
  • Mauritius
  • New Zealand
  • South Africa
  • Switzerland
  • USA

Other exceptions to the transfer charge may apply if the overseas scheme is run by an employer or multinational non-government organisation, such as the EU QROPS.

A five-year residence rule may also apply.

Click here for official guidance on the overseas transfer charge

Download the Free Pension Transfer Guide

Expat Pension Transfers Guide

iExpats.com expert writers have created a simple guide to Expat Pension Transfers just for you.

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

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