QROPS List – November 15, 2021

The British taxman has carried on vetting offshore pensions for expats as another 55 QROPS were delisted in the past two weeks to add to the 28 delisted last month.

Since the middle of October, 83 QROPS have been delisted across 12 countries.

Australia, the largest QROPS provider, suffered the most delistings – 65 balanced by 40 new schemes.

After the QROPS changes, the latest QROPS list shows 2,340 pensions are listed worldwide – a drop of 40 on the year’s peak of 2,380 QROPS listed in October.

HMRC QROPS List – By country

Country	QROPS registered
Australia	1510
Austria	3
Barbados	1
Belgium	4
Bulgaria	3
Canada	5
Denmark	1
EU Institution	1
Finland	1
Germany	6
Gibraltar	30
Guernsey	73
Hong Kong	10
India	18
Ireland	69
Isle of Man	363
Jersey	76
Kenya	2
Latvia	4
Liechtenstein	1
Luxembourg	2
Malta	30
Netherlands	85
New Zealand	36
Norway	1
Slovakia	1
Sweden	2
Switzerland	22
Grand Total	2340

Source: HMRC

HMRC QROPS List – Top 10 countries

Countries by number of QROPS listed offering the most QROPS:

Country	QROPS registered
Australia	1510
Isle of Man	363
Netherlands	85
Jersey	76
Guernsey	73
Ireland	69
New Zealand	36
Gibraltar	30
Malta	30
India	18
Grand Total	2290

Source: HMRC

HMRC QROPS List – Changes

QROPS pensions added, amended, or removed in the latest list

QROPS	Country	Added	Amended	Removed
Adams ROPS Fund	Australia	x
Adrian Downes Superfund	Australia	x
Barry Harvey Enterprises Superannuation Fund	Australia	x
Carroll ROPS Fund	Australia	x
CM&ET Superfund	Australia	x
Crumlin Super Fund	Australia	x
De Mel Superannation Fund	Australia	x
Delta 4 Superannuation Fund	Australia	x
Dorics QROPS Superannuation Scheme	Australia	x
GCGRAY Super Fund	Australia	x
Glen ROPS Fund	Australia	x
J & A Miller Super Fund	Australia	x
J A & L K Cornell Superannuation Fund	Australia	x
Jobar SMSF	Australia	x
John Gerard SMSF	Australia	x
Johnsor Super Fund	Australia	x
Leefy Superannuation	Australia	x
Melgaard ROPS Fund	Australia	x
Mitzie Retirement Fund	Australia	x
MNM Superannuation Fund	Australia	x
N A Williams Superfund	Australia	x
R & L Hayward SMSF	Australia	x
Robertson Superannuation Fund	Australia	x
Sugardaddyfund	Australia	x
Summarmet SIPP	Australia	x
The David and Melanie Bonfield Superannuation Fund	Australia	x
The JT (IOT) Limited Pension Scheme	Australia	x
AER (Plus 55) Super Fund	Australia			x
Amblin Superfund	Australia			x
Bell Heather Super Fund	Australia			x
Brennan RSF	Australia			x
Cardwell 55 Plus Super Fund	Australia			x
Cohen ROPS Super Fund	Australia			x
EdlynrosSMSF	Australia			x
Elliot Family Super Fund	Australia			x
Emilia Super Fund	Australia			x
Final Curve Self Managed Superannuation Fund	Australia			x
Frejya Superannuation Fund	Australia			x
Green & 55 Super Fund	Australia			x
Gould Family Superannuation Fund	Australia			x
Harvey Swift Family Super Fund	Australia			x
Havelon Superannuation Fund	Australia			x
Hedge Super Fund	Australia			x
Houghtons Super Fund	Australia			x
Ian Heap SMSF	Australia			x
Intrepid Superannuation Fund	Australia			x
Jovcic (Plus 55) Super Fund	Australia			x
Kirkbride plus 55	Australia			x
LDH Over-55 Super Fund	Australia			x
Leiper (Plus 55) Super Fund	Australia			x
Lennon Fraser Age 55 Superannuation Fund	Australia			x
Lette 55 Super Fund	Australia			x
Malkiin Family Superannuation Fund	Australia			x
Mark Case Pension	Australia			x
N Saunders Over 55 Super Fund	Australia			x
Nochar Retirement Fund	Australia			x
NP JP O’Brien Super Fund	Australia			x
One Nil Superannuation Fund	Australia			x
Owen (Age plus 55) Super Fund	Australia			x
Phipps Super Fund	Australia			x
Probuck Superannuation Fund	Australia			x
Pruhonice Super	Australia			x
R L Michael & T F Michael Family Superannuation Fund	Australia			x
Renukas Woofie Super Fund	Australia			x
S & M McLuckie Super Fund	Australia			x
Shadwell Super Fund	Australia			x
Super Devereaux	Australia			x
Tickner SMSF	Australia			x
UNCLE Superfund	Australia			x
VT McDonald Super Fund	Australia			x
Willowend 55 plus Superannuation Fund	Australia			x
European Central Bank ECB Retirement Plan	Germany			x
Sovereign Retirement Annuity Trust Scheme	Guernsey	x
Acorn Life Personal Pension Plan	Ireland			x
Pivotal Database Service Ltd – John Durcan SSAP	Ireland			x
DMP SIPP	Isle of Man	x
Eleven SIPP	Isle of Man			x
KJMT Retirement Fund	Isle of Man			x
Santander International DC Pension Scheme (previously Abbey National International Limited Pension Scheme)	Jersey		x
Heppward Investments Limited	Jersey			x
Public Employees Contributory Retirement Scheme	Jersey			x
Libert Life Boresha Maisha Individual Provident	Kenya			x
Novia Global Retirement Plan	Malta	x
Pecunia Retirement Benefit Scheme	Malta			x
Pensioenfonds Horeca & Catering	Netherlands			x
Pension Plan ARP/ASP of Mars Pensioenfonds	Netherlands			x
Totals:		30	1	55
QROPS listed November 01, 2021:				2365
Net change since November 01, 2021:				-25
QROPS listed November 15, 2021:				2340

The next QROPS list is due on December 01, 2021

QROPS List FAQ

The QROPS List is an invaluable free tool for advisers and retirement savers seeking an expat pension.

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
• Ireland
• Latvia
• Liechtenstein
• Luxembourg
• Malta
• The Netherlands
• Norway
• Slovakia
• Sweden

QROPS countries outside the EEA

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
• South Africa
• 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 shuts shop
• 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.

Related Information

Below is a list of related articles you may find of interest.

• QROPS List – February 5, 2020
• QROPS List – October 15, 2019
• QROPS List – September 16, 2019
• QROPS List – April 1, 2020
• QROPS List – July 1, 2019