What is a QROPS? 

Pensions "A" Day, enacted in the UK in 2006, made provision for those living overseas, to transfer their existing UK Pension Scheme into more flexible arrangements offshore that reflect a "non-resident for Tax purposes" status, with the approval of HMRC. The official name for this part of the Act is known as QROPS (Qualifying Recognised Overseas Pension Scheme).

QROPS is a specialist area of Financial Planning and the benefits are significant for the majority of people and their families. However, there are certain circumstances and existing schemes where the advantages are not sufficient for a transfer to any other scheme, either within or outside the UK. An initial viability assessment by us will quickly identify those schemes which will benefit from an HMRC approved QROPS transfer, and those which are best left where they are - contact us for details.