[UK] The ROPS List 15th of July 2019

The Recognised Overseas Pension Schemes (ROPS) List contains the overseas pension schemes that have said to HMRC they want to be included on it when it’s updated twice a month.

The 15^th of July 2019 update adds 13 schemes as follows:

The 14 schemes added are:

1. Australia – A and A Henry Self Managed Super Fund
2. Australia - Gilmour Investments Super Fund
3. Australia - Jumbunna Retirement Fund
4. Australia - MJ & C Davies Superfund
5. Australia - ML Swinton Super
6. Australia - Pearson-Wright Super Fund
7. Australia - RA & SA Barron Superannuation Fund
8. Australia - Speight Superfund
9. Australia - Tour de Faahan
10. Australia - Wilkinson Super
11. Gibraltar - Athena QROPS
12. Hong Kong - Neosourcing Pension Scheme
13. Isle of Man - Charis SIPP

The update also deletes 2 schemes as follows:

1. India - Exide Life One Advantage Retirement Plan
2. Isle of Man - Ardonan Isle of Man Pension Plan

HMRC gives the following advice to users of the ROPS list:

The requirements to be a ROPS changed from 6 April 2017. You’ll need to check that the scheme you’re transferring to on or after that date meets the new requirements. 

HMRC cannot guarantee these are ROPS or that any transfers to them will be free of UK tax. It’s your responsibility to find out if you have to pay tax on any transfer of pension savings. Find out more about Overseas pension schemes.

The Global Payroll Association strongly recommends looking at the list to check for pension scheme updates appropriate to the country you are transferring funds to and from.

The Recognised Overseas Pension Schemes (ROPS) List contains the overseas pension schemes that have said to HMRC they want to be included on it when it’s updated twice a month.

The 15^th of July 2019 update adds 13 schemes as follows:

The 14 schemes added are:

1. Australia – A and A Henry Self Managed Super Fund
2. Australia - Gilmour Investments Super Fund
3. Australia - Jumbunna Retirement Fund
4. Australia - MJ & C Davies Superfund
5. Australia - ML Swinton Super
6. Australia - Pearson-Wright Super Fund
7. Australia - RA & SA Barron Superannuation Fund
8. Australia - Speight Superfund
9. Australia - Tour de Faahan
10. Australia - Wilkinson Super
11. Gibraltar - Athena QROPS
12. Hong Kong - Neosourcing Pension Scheme
13. Isle of Man - Charis SIPP

The update also deletes 2 schemes as follows:

1. India - Exide Life One Advantage Retirement Plan
2. Isle of Man - Ardonan Isle of Man Pension Plan

HMRC gives the following advice to users of the ROPS list:

The requirements to be a ROPS changed from 6 April 2017. You’ll need to check that the scheme you’re transferring to on or after that date meets the new requirements. 

HMRC cannot guarantee these are ROPS or that any transfers to them will be free of UK tax. It’s your responsibility to find out if you have to pay tax on any transfer of pension savings. Find out more about Overseas pension schemes.

The Global Payroll Association strongly recommends looking at the list to check for pension scheme updates appropriate to the country you are transferring funds to and from.