16 December 2024
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been 35 schemes added, 29 removed, and one amended.
HMRC list the updates, as follows.
Schemes added
Australia
Carden Leche Superannuation Fund
D & K Chapman Super
Dean and Marty Graves Super
Drew White Super
Georgopoulos Superfund
Palmer ROPS Fund
Russell ROPS Fund
S&A Grainger Super Fund
Stephen Weeks Fund
The Trustee for Kingston Super Fund
Isle of Man
JWR Personal Pension Scheme
R Gilbert Personal Pension DPP Scheme
Schemes removed
Australia
Bargmann Family Super Fund
Head Retirement Fund
Jambo Super Fund
Webb55 Super Fund
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.
The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.
Further changes came in the Budget 2024 removing the tax free transfer exemption on some overseas pensions.
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.