[UK] The ROPS List 15th of November 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 November 2019 update adds 11 schemes as follows:

1. Australia – Bargmann Family Super Fund
2. Australia - Hewlett Family Super Fund
3. Australia – Jambo Super Fund
4. Australia – James & Lavinia Russell Superannuation Fund
5. Australia – Let it Be Superannuation Fund
6. Australia – MULLOSULL Superannuation Fund
7. Australia – NC Ryan Superannuation Fund
8. Australia – NM & LM Superannuation Fund
9. Guernsey - Horizon Guernsey QROPS Pension Plan
10. Isle of Man - Ronaldsway Aircraft (1979) Pension and Life Assurance Scheme
11. New Zealand - SMS 15 Fund

Also, 1 scheme is removed as follows:

1. Isle of Man - Carpenter Personal Pension Scheme

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 November 2019 update adds 11 schemes as follows:

1. Australia – Bargmann Family Super Fund
2. Australia - Hewlett Family Super Fund
3. Australia – Jambo Super Fund
4. Australia – James & Lavinia Russell Superannuation Fund
5. Australia – Let it Be Superannuation Fund
6. Australia – MULLOSULL Superannuation Fund
7. Australia – NC Ryan Superannuation Fund
8. Australia – NM & LM Superannuation Fund
9. Guernsey - Horizon Guernsey QROPS Pension Plan
10. Isle of Man - Ronaldsway Aircraft (1979) Pension and Life Assurance Scheme
11. New Zealand - SMS 15 Fund

Also, 1 scheme is removed as follows:

1. Isle of Man - Carpenter Personal Pension Scheme

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.