Qualifying Recognised Overseas Pension Schemes (QROPS) have started 2017 with a bang as the list of offshore pensions increased by 21 over the traditionally quiet holidays.
In the first official QROPS List of the year published by HM Revenue and Customs (HMRC), the number of QROPS worldwide is 1264 – up 321 from pensions at the start of last year, rising from 1,243 listed on December 15.
Australia is the leading QROPS jurisdiction by number of pensions – with eight opening over the seasonal break to take the tally to 377.
8 finance centres add QROPS
Three pensions each were added by Guernsey and the Isle of Man. Guernsey now has 148 QROPS and the Isle of Man 247.
Two were added to the list for Ireland, while Austria, Jersey, Malta, the Netherlands and New Zealand all increased their number of QROPS by one.
HMRC publishes an updated list of QROPS every fortnight. The next QROPS List is due on January 15, 2017.
View the latest HMRC QROPS List here
For more information about QROPS and the benefits it provides, download the iExpats QROPS Guide or complete the Get Advice form.
QROPS List By Financial Jurisdiction
| Financial Jurisdiction | No of QROPS |
|---|---|
| Australia | 377 |
| Austria | 9 |
| Barbados | 1 |
| Belgium | 9 |
| Bulgaria | 2 |
| Canada | 3 |
| Czech Republic | 2 |
| Denmark | 3 |
| European Union | 1 |
| Finland | 1 |
| Germany | 25 |
| Gibraltar | 51 |
| Greece | 1 |
| Guernsey | 148 |
| Hong Kong | 18 |
| Hungary | 1 |
| Iceland | 1 |
| India | 15 |
| Ireland | 87 |
| Isle of Man | 247 |
| Jamaica | 1 |
| Jersey | 84 |
| Kenya | 1 |
| Kosovo | 1 |
| Latvia | 2 |
| Liechtenstein | 3 |
| Luxembourg | 4 |
| Malta | 31 |
| Mauritius | 3 |
| Netherlands | 61 |
| New Zealand | 37 |
| Norway | 4 |
| Portugal | 4 |
| South Africa | 12 |
| Spain | 2 |
| Sri Lanka | 1 |
| Sweden | 6 |
| Switzerland | 2 |
| Turkey | 2 |
| United States of America | 1 |
| Total: | 1264 |
Source: HMRC
The table shows the net number of schemes, accounting for new listings and removals since the publication of the last list.
