QROPS List – April 15, 2019

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

Country No of QROPS
Australia 880
Austria 4
Barbados 1
Belgium 1
Bulgaria 3
Denmark 2
EU Institution 1
Finland 1
Germany 8
Gibraltar 32
Guernsey 64
Hong Kong 6
India 12
Ireland 67
Isle of Man 353
Jersey 53
Kenya 2
Latvia 3
Liechtenstein 2
Luxembourg 2
Malta 36
Mauritius 1
Netherlands 38
New Zealand 30
Norway 1
Sweden 1
Switzerland 1
Total: 1607

Data Source: HMRC

HMRC QROPS List – Changes

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

QROPS Country Added Amended Removed
A & L Loomes Super Fund Australia x
Adler Family Superannuation Fund Australia x
Bee Eater Super Fund Australia x
Blake55 Superfund Australia x
cgjgperth Super Fund Australia x
DG Ralphs Super Australia x
DI Baigent SMSF Australia x
Goodrich Family Super Fund Australia x
Graham Hardy S.M. Super Fund Australia x
Hewlett Turner Super Australia x
Hinchliffe Super Fund Australia x
HJ Howe 55 Super Fund Australia x
Lisben Superannuation Fund Australia x
M Pepper QROPS SMSF Australia x
Misherwood Super Fund Australia x
Pepco Superannuation Fund Australia x
Peter Shaw Super Fund Australia x
R E Brown Family Super Fund Australia x
Russellsdownunder Super Fund Australia x
Tim Hughes Super Fund Australia x
Tony Storey Super Fund Australia x
Versis Superannuation Fund Australia x
Warhall Super Fund Australia x
Winwood Family Super Fund Australia x
YK Tomlinson Superannuation Fund Australia x
Versorgungseinrichtung der Bezirksarztekammer Koblenz Germany x
Whitmill QROPS Gibraltar x
Hannaaron SIPP Isle of Man x
Truffler Limited Jersey x
US Voyager Retirement Plan Malta x
Voyager Retirement Plan Malta x
TicketSwap B.V. by Brand New Day Netherlands x
Totals: 29 0 3
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

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