QROPS List – June 15, 2019

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The latest HM Revenue & Customs data for expats with QROPS offshore pensions.

HMRC QROPS List – By country

CountryNo of QROPS
Today1 mnth ago3 mnths ago6 mnths ago1 year ago
Australia944905848804668
Austria44454
Barbados11111
Belgium11111
Bulgaria33333
Denmark22222
EU Institution11111
Finland11111
Germany889911
Gibraltar3132313141
Guernsey6363646351
Hong Kong77442
India1312111113
Ireland6969656562
Isle of Man356353352350342
Jersey5757514939
Kenya22222
Latvia33333
Liechtenstein22222
Luxembourg22222
Malta3636383837
Mauritius11222
Netherlands4039363217
New Zealand3130302932
Norway11111
South Africa1
Sweden11112
Switzerland11112
USA22222
Totals:16831639156815151347

Data Source: HMRC

HMRC QROPS List – Changes

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

QROPSCountryAddedAmended Removed
Cuthbert Superannuation FundAustraliax
English Family Superannuation FundAustraliax
Grant Family Super FundAustraliax
Harpsden Superannuation FundAustraliax
Ian Scholey SuperAustraliax
Jas23SuperAustraliax
JD & GM Hicks Superannuation FundAustraliax
Joshan Jamson SuperAustraliax
Leadership Place Super FundAustraliax
Leask Superannuation FundAustraliax
LHH 2 Superannuation FundAustraliax
Linter Superannuation FundAustraliax
Macmillan Super FundAustraliax
Martin Mitchell Self Managed Super FundAustraliax
Pearce Algoe SuperfundAustraliax
Phil – Judi Lawton Super FundAustraliax
Quillion Pension FundAustraliax
S & P Cleary Superannuation FundAustraliax
Saunders QROPS Self-Managed Superannuation FundAustraliax
SRM SwanAustraliax
Super Snowbird FundAustraliax
Super Traders Super FundAustraliax
Thompson SuperfundAustraliax
Westwood Super FundAustraliax
Withers Superannuation FundAustraliax
Athena QROPSGibraltarx
Collis Family SIPPIsle of Manx
SolarClarity BV by Brand New DayNetherlandsx
     
Totals:2701
Net change:27

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.

Booking.com

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 July 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

Download the Free Pension Transfer Guide

Expat Pension Transfers Guide

iExpats.com expert writers have created a simple guide to Expat Pension Transfers just for you.

Find out how you could save tax, increase growth and investment opportunities with this simple, no-nonsense guide that will introduce QROPS, SIPPs and QNUPS options and talk through the pros and cons. Download the free guide by following the link below

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