Retirement

QROPS List – August 17, 2015

The latest HM Revenue & Customs (HMRC) Qualifying Recognised Overseas Pension Scheme (QROPS) List showed a big uptick in the number of schemes on the market.

The latest list showed 832 QROPS are available from 40 financial centres worldwide – up from 757 from 38 centres on the last list posted on August 3, 2015.

The new financial centres are Hungary and Sri Lanka, both with one QROPS listed each.

Both were on the list until June 1, 2015, when HMRC suspended more than 3,000 QROPS pensions for failing the pension age test. The schemes that were delisted allowed savers to withdraw pension benefits before they were aged 55 years old.

Altogether, 75 new QROPS are included on the new list – 56 from Guernsey QROPS ; six from Ireland, four from The Netherlands and one each from Denmark, France, Germany, Gibraltar, Hungary, the Isle of Man, Italy, Spain and Sri Lanka.

No QROPS or financial centres were delisted.

The next list from HMRC is due on September 1, 2015.

QROPS List - August 17, 2015 
LIST42233
Financial centreNo of QROPS
Australia1
Austria6
Belgium14
Bulgaria2
Canada69
Czech Republic1
Denmark4
European Union1
France7
Germany28
Gibraltar43
Greece1
Guernsey130
Hong Kong4
Hungary1
Iceland1
India8
Ireland73
Isle of Man193
Italy18
Jamaica1
Jersey76
Kenya1
Kosovo1
Latvia3
Liechtenstein2
Luxembourg4
Malta23
Mauritius2
Netherlands54
New Zealand30
Norway5
South Africa11
Spain3
Sri Lanka1
Sweden6
Switzerland1
Turkey1
United States of America2
Total:832
Source: HMRC

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