30 July 2025
HM Revenue and Customs (HMRC) has released guidance on how to report qualifying recognised overseas pension scheme (QROPS) transfers when tax needs to be paid.
Contents includes:
- When transfers are taxed
- Information you need to get from your scheme member
- What to report to HMRC
- What to report to the new scheme administrator or manager
- What to report to the scheme member
- Transfers into your scheme
- Claim a refund of the overseas transfer charge
The recognised overseas pension schemes notification list is updated on 1st and 15th of every month. We will continue to report the updates in our news online as they are released.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.