The ROPS list is a must-read for all UK payroll and pensions professionals. Updated twice-monthly on the 1st and the 15th of the month it is a list of all overseas pension schemes that have advised HMRC they want to be included on it. The word “recognise” indicates that HMRC recognise that the overseas pension scheme as being one that is eligible to receive transfers of UK pension benefits.
This was updated on the 2nd of January 2019 with 19 schemes added and 2 removed.
The Global Payroll Association believes it is a source of constant frustration that HMRC seem unable to advise exactly which schemes has been added, varied or removed. This is essential information for professionals and the information must be known. If it is known, it should be made available we believe.
The ROPS list is a must-read for all UK payroll and pensions professionals. Updated twice-monthly on the 1st and the 15th of the month it is a list of all overseas pension schemes that have advised HMRC they want to be included on it. The word “recognise” indicates that HMRC recognise that the overseas pension scheme as being one that is eligible to receive transfers of UK pension benefits.
This was updated on the 2nd of January 2019 with 19 schemes added and 2 removed.
The Global Payroll Association believes it is a source of constant frustration that HMRC seem unable to advise exactly which schemes has been added, varied or removed. This is essential information for professionals and the information must be known. If it is known, it should be made available we believe.