[UK] The ROPS List 16th of March 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 16^th of March 2020 update adds 11 schemes as follows:

1. Australia – C&J Kind Family Super Fund
2. Australia – David Atchison SMSF
3. Australia – Hearn Family Superannuation Fund
4. Australia – Hing Family Super Fund
5. Australia – I Abraham Super Fund
6. Australia – Nick McAndrew SMSF
7. Australia – Ogle-Lang Super Fund
8. Australia – Savage Bibendum QROPS SMSF
9. Australia – Tyler Retirement Fund
10. Australia – Yosemite Superannuation Fund
11. Guernsey – En Tontine Pension TrusT 

The following scheme has been deleted:

1. New Zealand - SSAS 7 Fund

There aren’t any changes.

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 16^th of March 2020 update adds 11 schemes as follows:

1. Australia – C&J Kind Family Super Fund
2. Australia – David Atchison SMSF
3. Australia – Hearn Family Superannuation Fund
4. Australia – Hing Family Super Fund
5. Australia – I Abraham Super Fund
6. Australia – Nick McAndrew SMSF
7. Australia – Ogle-Lang Super Fund
8. Australia – Savage Bibendum QROPS SMSF
9. Australia – Tyler Retirement Fund
10. Australia – Yosemite Superannuation Fund
11. Guernsey – En Tontine Pension TrusT 

The following scheme has been deleted:

1. New Zealand - SSAS 7 Fund

There aren’t any changes.

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.