The HMRC QROPS List holds the details of 2,385 offshore pensions, with two out of three belonging to expats in Australia.
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The top 10 QROPS host countries manage 2,335 of the global total, which leaves 50 QROPS shared among the other 18 countries offering the pensions.
Iceland has joined the list of QROPS hosts with a new pension. The European Economic Area (EEA) nation first joined the listing in December 2007 and stayed for 10 years, with the last QROPS leaving the HMRC list in April 2017.
Meanwhile, Liechtenstein’s QROPS has been removed. As Lietchenstein’s single QROPS, the delisting also means the country no longer qualifies as a host nation.
Expats living there can still transfer to a QROPS, providing the pension is hosted in another European Economic Area country.
HMRC QROPS List – By country
| Country | QROPS registrations |
| Australia | 1568 |
| Austria | 3 |
| Barbados | 1 |
| Belgium | 4 |
| Bulgaria | 3 |
| Canada | 5 |
| Denmark | 1 |
| EU Institution | 1 |
| Finland | 1 |
| Germany | 6 |
| Gibraltar | 28 |
| Guernsey | 71 |
| Hong Kong | 10 |
| Iceland | 1 |
| India | 19 |
| Ireland | 62 |
| Isle of Man | 345 |
| Jersey | 80 |
| Kenya | 2 |
| Latvia | 4 |
| Luxembourg | 2 |
| Malta | 31 |
| Netherlands | 95 |
| New Zealand | 36 |
| Norway | 1 |
| Slovakia | 1 |
| Sweden | 2 |
| Switzerland | 2 |
| Total: | 2385 |
HMRC QROPS List – Top 10 countries
Countries by number of QROPS listed offering the most QROPS
| Country | QROPS registrations |
| Australia | 1568 |
| Isle of Man | 345 |
| Netherlands | 95 |
| Jersey | 80 |
| Guernsey | 71 |
| Ireland | 62 |
| New Zealand | 36 |
| Malta | 31 |
| Gibraltar | 28 |
| India | 19 |
| Total: | 2335 |
HMRC QROPS List – Changes
QROPS pensions added, amended, or removed in the latest list
| QROPS | Country | Added | Amended | Removed |
| Barkestone Fund | Australia | x | ||
| Caudwell Super Fund | Australia | x | ||
| Dirk Williams Trust Fund | Australia | x | ||
| DW&LL Robertson Superannuation Fund | Australia | x | ||
| EPD Superannuation Fund | Australia | x | ||
| J & M Spencer Super Fund | Australia | x | ||
| Jon Foord 2022 Super Fund | Australia | x | ||
| Lost my wallet Superannuation Fund | Australia | x | ||
| Minted Superannuation Fund | Australia | x | ||
| NLJ SMSF | Australia | x | ||
| Rachel Robinson Retirement Fund | Australia | x | ||
| The Mortimers Superannuation Fund | Australia | x | ||
| Yvetimus Superannuation Fund | Australia | x | ||
| Adrian Kenny SMSF | Australia | x | ||
| David Curnow Super Fund | Australia | x | ||
| Fleming Super Fund | Australia | x | ||
| Kennedy MP Family Super Fund | Australia | x | ||
| Stoten Super Fund | Australia | x | ||
| Lifsverk Pension Fund | Iceland | x | ||
| Bajaj Allianz Life Guaranteed Pension Goal | India | x | ||
| LIC’s Jeevan Akshay- VII | India | x | ||
| Civillas Personal Pension Scheme | Isle of Man | x | ||
| McCord Personal Pension Scheme | Isle of Man | x | ||
| LV 1871 Pension Fund DB | Liechtenstein | x | ||
| Totals: | 16 | 0 | 8 | |
| QROPS listed April 01, 2022 | 2377 | |||
| Net change since April 01, 2022 | 8 | |||
| QROPS listed April 15, 2022 | 2385 | |||
| QROPS Jurisdictions | Added | Removed | ||
| Iceland | x | |||
| Liechtenstein | x | |||
| Totals: | 1 | 1 | ||
| Countries with QROPS listed April 15, 2022 | 28 | |||
| Net change since April 15, 2022 | 0 | |||
| Countries with QROPS listed April 01, 2022 | 28 | |||
| Next HMRC QROPS LIst due May 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
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 suggest wrongdoing by a retirement saver or provider.
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