Qualifying registered overseas pension schemes
- Qualifying registered overseas pension schemes
Qualifying Overseas Pension Schemes (QROPS)
A Qualifying Overseas Pension Scheme or QROP is a an overseas pension scheme which has been approved by Her Majesty's Revenue and Customs (HMRC) to receive the transfer of UK Pension Benefits.
Typically this occurs when a UK resident leaves the UK to permanently emigrate (or to retire abroad) having built up a Pension Fund within a scheme approved by HMRC or when a person born abroad who has built up benefits in a HMRC approved UK Pension Scheme decides to return to their home country with an expectation of retiring there.
For a scheme to receive approval as a QROPs HMRC expect it to be regulated by the government of the country in which it is domiciled and that any benefits will be subject to taxation.
It is possible for a scheme not currently listed as a QROP to become an approved scheme by applying to HMRC.
A list of QROPS is published by HMRC on their website and regularly updated.
http://www.hmrc.gov.uk/PENSIONSCHEMES/qrops.pdf
Wikimedia Foundation.
2010.
Look at other dictionaries:
qualifying recognised overseas pension scheme — (QROPS) An overseas pension scheme that HM Revenue & Customs (HMRC) recognises as eligible to receive transfers from registered pension schemes in the UK. To be a QROPS, a scheme must meet various prescribed conditions. Among other points, these… … Law dictionary
Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… … Wikipedia
National Pension (Japan) — The Japanese national pension is a pension system that all registered residents of Japan, both Japanese and foreign, are required to enroll in. Since January 1, 2010 it has been managed by the Japan Pension Service. Contents 1 History 2 Types of… … Wikipedia
List of Statutory Instruments of the United Kingdom, 2006 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2006. NOTOC 1 100* Public Contracts Regulations 2006 S.I. 2006/5 * Utilities Contracts Regulations 2006 S.I. 2006/6 * M6 Motorway (Junction 36, Town Head Bridge Parapet… … Wikipedia
List of Statutory Instruments of the United Kingdom, 2007 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2007. NOTOC 1 100* Cider and Perry and Wine and Made wine (Amendment) Regulations 2007 S.I. 2007/4 * Customs and Excise (Personal Reliefs for Special Visitors)… … Wikipedia
QROPS — qualifying recognised overseas pension scheme (QROPS) An overseas pension scheme that HM Revenue & Customs (HMRC) recognises as eligible to receive transfers from registered pension schemes in the UK. To be a QROPS, a scheme must meet various… … Law dictionary
List of Statutory Instruments of the United Kingdom, 1988 — NOTOC This is a complete list of all 1558 Statutory Instruments published in the United Kingdom in the year 1988.1 100* Origin of Goods (Petroleum Products) Regulations 1988 S.I. 1988/1 * Export of Sheep (Prohibition) (No.2) Amendment Order 1988… … Wikipedia
List of Statutory Instruments of the United Kingdom, 1993 — This is a complete list of all 1844 Statutory Instruments published in the United Kingdom in the year 1993. NOTOC 1 100* Environmental Protection (Controls on Injurious Substances) Regulations 1993 S.I. 1993/1 * Rail Crossing Extinguishment and… … Wikipedia
List of Statutory Instruments of the United Kingdom, 1997 — This is a complete list of all 1840 Statutory Instruments published in the United Kingdom in the year 1997. NOTOC 1 100* Education (Recognised Bodies) Order 1997 S.I. 1997/1 * Bedfordshire and Hertfordshire Ambulance and Paramedic Service… … Wikipedia
List of Statutory Instruments of the United Kingdom, 1989 — NOTOC This is a complete list of all 1534 Statutory Instruments published in the United Kingdom in the year 1989.1 100* Criminal Justice Act 1988 (Commencement No. 5) Order 1989 S.I. 1989/1 * Food Protection (Emergency Prohibitions) (Wales)… … Wikipedia
