10 new offshore QROPS have opened since the last list was published on August 18.
Seven QROPS were opened in Australia, with one added in Germany and two in The Netherlands.
The changes take the total on the official HM Revenue & Customs QROPS List to 1,980 across 28 countries.
HMRC QROPS List – By country
| Country | No of QROPS |
|---|---|
| Australia | 1190 |
| Austria | 4 |
| Barbados | 1 |
| Belgium | 3 |
| Bulgaria | 3 |
| Canada | 3 |
| Denmark | 2 |
| EU Institution | 1 |
| Finland | 1 |
| Germany | 8 |
| Gibraltar | 37 |
| Guernsey | 66 |
| Hong Kong | 10 |
| India | 13 |
| Ireland | 70 |
| Isle of Man | 361 |
| Jersey | 66 |
| Kenya | 2 |
| Latvia | 3 |
| Liechtenstein | 1 |
| Luxembourg | 2 |
| Malta | 34 |
| Netherlands | 61 |
| New Zealand | 32 |
| Norway | 1 |
| Sweden | 1 |
| Switzerland | 2 |
| USA | 2 |
| Grand Total | 1980 |
HMRC QROPS List – Top 10 countries
Countries by number of QROPS listed offering the most QROPS
| Country | No of QROPS |
|---|---|
| Australia | 1190 |
| Isle of Man | 361 |
| Ireland | 70 |
| Guernsey | 66 |
| Jersey | 66 |
| Netherlands | 61 |
| Gibraltar | 37 |
| Malta | 34 |
| New Zealand | 32 |
| India | 13 |
| Grand Total | 1930 |
HMRC QROPS List – Changes
QROPS pensions added, amended, or removed in the latest QROPS list
| QROPS | Country | Added | Amended | Removed |
| Adawn Super Fund | Australia | x | ||
| Akiacopi Super Fund | Australia | x | ||
| Andrew Bernard Tooth QROPS Super Fund | Australia | x | ||
| Gold Coast Bound Fund | Australia | x | ||
| K and S Gallacher Superannuation Fund | Australia | x | ||
| L & A Donoghue Superannuation Fund | Australia | x | ||
| Park Family Superannuation Fund | Australia | x | ||
| Condor Lebensversicherungs-AG Sofort-Rente | Germany | x | ||
| Mobiquity B.V. by Brand New Day | Netherlands | x | ||
| Stichting Pensioenfonds voor de Architectenbureaus | Netherlands | x | ||
| Totals: | 10 | 0 | 0 | |
| QROPS listed August 18, 2020: | 1970 | |||
| Net change since August 18, 2020: | 10 | |||
| QROPS listed September 01, 2020: | 1980 | |||
| QROPS country | Added | Removed | ||
| – | – | – | ||
| Totals: | 0 | 0 | ||
| Countries with QROPS listed August 18, 2020: | 28 | |||
| Net change since August 18, 2020: | 0 | |||
| Countries with QROPS listed September 01, 2020: | 28 | |||
| The next QROPS list is due on September 15, 2020 |
QROPS List FAQ
The QROPS List is an invaluable free tool for advisers and retirement savers seeking an expat pension.
What the list means and how to use the data is often misunderstood, so here are the answers to some of the most sked 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 certain to be QROPS. Retirement savers should check the latest QROPS list before transferring any money.
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
- Canada
- Guernsey
- Hong Kong (China)
- India
- Isle of Man
- Jersey
- Kenya
- 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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