With 18 new QROPS added and seven delisted, the HM Revenue & Customs QROPS List has grown to 1,353 schemes available worldwide.
Most were added in Australia (7), while Guernsey, Jersey, the Isle of Man and Malta also gained QROPS pensions for expats.
HMRC QROPS List – By country
| Financial jurisdiction | No of QROPS |
| Australia | 683 |
| Austria | 5 |
| Barbados | 1 |
| Belgium | 1 |
| Bulgaria | 3 |
| Denmark | 2 |
| EU Institution | 1 |
| Finland | 1 |
| Germany | 9 |
| Gibraltar | 30 |
| Guernsey | 52 |
| Hong Kong | 2 |
| India | 13 |
| Ireland | 60 |
| Isle of Man | 343 |
| Jersey | 43 |
| Kenya | 2 |
| Latvia | 3 |
| Liechtenstein | 2 |
| Luxembourg | 2 |
| Malta | 36 |
| Mauritius | 2 |
| Netherlands | 17 |
| New Zealand | 32 |
| Norway | 1 |
| South Africa | 1 |
| Sweden | 2 |
| Switzerland | 2 |
| USA | 2 |
| Total: | 1353 |
HMRC QROPS List – Changes
| QROPS | Change | Country |
| Anne Hynes & Philip Wilson SMSF | Added | Australia |
| Bucketfund | Added | Australia |
| Coconino Superannuation Fund | Added | Australia |
| CONPED55 Super Fund | Added | Australia |
| Davies Family Super Fund | Added | Australia |
| HDZ Superannuation Fund | Added | Australia |
| Margaret Currie Super Fund | Added | Australia |
| Shantelle Super Fund | Added | Australia |
| SM & AD Edge Super Fund | Added | Australia |
| Smithdownunder Super | Added | Australia |
| SuperPeteFund | Added | Australia |
| FAMILIENVORSORGE Lebensversicherung AG | Deleted | Germany |
| Centurion Retirement Annuity Trust Scheme | Deleted | Gibraltar |
| No. 4 Retirement Annuity Trust Scheme | Added | Guernsey |
| Justin Turner Personal Retirement Bond | Deleted | Ireland |
| C J & M R Johnson SIPP No 2 | Added | Isle of Man |
| Little N & F SIPP | Added | Isle of Man |
| Ruxton SIPP | Deleted | Isle of Man |
| Beech House Pension Ltd | Added | Jersey |
| BNP Paribas Offshore Pension Plan | Added | Jersey |
| Gulyas Pension Limited | Added | Jersey |
| Future Retirement Trust | Deleted | Jersey |
| Azure Retirement Benefit Scheme | Added | Malta |
| US Voyager Retirement Plan | Deleted | Malta |
| Voyager Retirement Plan | Deleted | Malta |
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 List is scheduled for August 1, 2018.
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 with 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
