Recognised Overseas Pension Schemes notifications
05 November 2015
Twenty one schemes have been added to the list of Recognised Overseas Pension Schemes notifications.
The list is of schemes that have told HM Revenue and Customs (HMRC) they meet the conditions to be a Recognised Overseas Pension Scheme (ROPS).
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
HMRC can’t guarantee these are Recognised Overseas Pension Schemes (ROPS) or that any transfers to them will be free of UK tax. It is your responsibility to find out if you have to pay tax on any transfer of pension savings.