The latest HM Revenue & Customs data for expats with QROPS offshore pensions.
HMRC QROPS List – By country
| Country | No of QROPS |
| Australia | 741 |
| Austria | 5 |
| Barbados | 1 |
| Belgium | 1 |
| Bulgaria | 3 |
| Denmark | 2 |
| EU Institution | 1 |
| Finland | 1 |
| Germany | 8 |
| Gibraltar | 30 |
| Guernsey | 56 |
| Hong Kong | 2 |
| India | 11 |
| Ireland | 61 |
| Isle of Man | 347 |
| Jersey | 46 |
| Kenya | 2 |
| Latvia | 3 |
| Liechtenstein | 2 |
| Luxembourg | 2 |
| Malta | 38 |
| Mauritius | 2 |
| Netherlands | 30 |
| New Zealand | 31 |
| Norway | 1 |
| Sweden | 2 |
| Switzerland | 1 |
| USA | 2 |
| Total: | 1432 |
HMRC QROPS List – Changes
QROPS pensions added, amended or removed from the list since October 1, 2018.
| QROPS | Added | Amended | Removed | Country |
| Cayzer Retirement Fund | x | Australia | ||
| Cherry Blossom Jewelz Super Fund | x | Australia | ||
| Copland Superannuation Fund | x | Australia | ||
| DH Future Fund | x | Australia | ||
| J and R OzAnderson Superannuation Fund | x | Australia | ||
| Smith6goOz Superannuation Fund | x | Australia | ||
| Versorgungswerk der Rechtsanwaltinnen und Rechtsanwalte in der Freien und Hansestadt Hamburg | x | Germany | ||
| A O Hall RATS | x | Guernsey | ||
| Max Life Forever Young Pension Plan | x | India | ||
| Seguso SIPP | x | Isle of Man | ||
| Police Pensions Regulations 2010 | x | Isle of Man | ||
| US Voyager Retirement Plan | x | Malta | ||
| Voyager Retirement Plan | x | Malta | ||
| STM Harbour (US) Retirement Scheme | x | Malta | ||
| STM Harbour Retirement Scheme | x | Malta | ||
| STM Harbour Retirement Scheme SICAV P.L.C. | x | Malta | ||
| Catawiki BV by Brand New Day | x | Netherlands | ||
| Dimensional Insight Netherlands by Brand New Day | x | Netherlands | ||
| Dynamic Credit Partners Europe by Brand New Day | x | Netherlands | ||
| Epilog Laser BV | x | Netherlands | ||
| Humanis Capitalis by Brand New Day | x | Netherlands | ||
| Influencer Marketing Agency BV by Brand New Day | x | Netherlands | ||
| Ixly BV | x | Netherlands | ||
| Palantir Technologies NL by Brand New Day | x | Netherlands | ||
| Relay42 Netherlands BV | x | Netherlands | ||
| SystemsAccountants BV | x | Netherlands | ||
| TMNS BV | x | Netherlands | ||
| TOPdesk Nederland BV by Brand New Day | x | Netherlands | ||
| Vereniging Artsen zonder Grenzen by Brand New Day | x | Netherlands | ||
| SMS 12 Fund | x | New Zealand | ||
| ABSA Group Pension Fund | x | South Africa | ||
| Totals: | 23 | 3 | 5 | |
| Net change: | 18 |
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.
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 Listis scheduled for November 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 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
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