[UK] The ROPS List 15th of May 2020

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 May 2020 update adds 10 schemes as follows:

1. Australia – Elaroo Superannuation Fund
2. Australia – Harpenden Hargrove Super Fund
3. Australia – Hewitt Super Fund
4. Australia – Langstone Super Fund
5. Australia – MKA Superfund
6. Australia – Newman Family Super Fund
7. Australia – Shooter Retirement Fund
8. Australia – Smithy9320 SMSF
9. Australia  - Wood Family Super Fund
10. Belgium - Instelling voor bedrijfspensioenvoorziening Dow Belgie

There are no changes or removals.

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.

Global Payroll Association Comment

We strongly recommend 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 May 2020 update adds 10 schemes as follows:

1. Australia – Elaroo Superannuation Fund
2. Australia – Harpenden Hargrove Super Fund
3. Australia – Hewitt Super Fund
4. Australia – Langstone Super Fund
5. Australia – MKA Superfund
6. Australia – Newman Family Super Fund
7. Australia – Shooter Retirement Fund
8. Australia – Smithy9320 SMSF
9. Australia  - Wood Family Super Fund
10. Belgium - Instelling voor bedrijfspensioenvoorziening Dow Belgie

There are no changes or removals.

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.

Global Payroll Association Comment

We strongly recommend looking at the list to check for pension scheme updates appropriate to the country you are transferring funds to and from.