[UK] The ROPS List 1st of June 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 1^st of June 2020 update adds 13 schemes as follows:

1. Australia – AdamG Super Fund
2. Australia – AKB Super Fund
3. Australia – Bower Super Fund
4. Australia – BrunxTrunx Superfund
5. Australia – D&A Catterson SMSF
6. Australia – Holmes Super Fund
7. Australia – Jackiesloan13
8. Australia – Jackson Superannuation Fund
9. Australia  - J and D Dempster-Smith Superannuation Fund
10. Australia - L Bispham Superannuation Fund
11. Australia - Moss ROPS Superannuation Fund
12. Australia - Woodstone Superannuation Fund
13. Isle of Man - Laurels SIPP

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 1^st of June 2020 update adds 13 schemes as follows:

1. Australia – AdamG Super Fund
2. Australia – AKB Super Fund
3. Australia – Bower Super Fund
4. Australia – BrunxTrunx Superfund
5. Australia – D&A Catterson SMSF
6. Australia – Holmes Super Fund
7. Australia – Jackiesloan13
8. Australia – Jackson Superannuation Fund
9. Australia  - J and D Dempster-Smith Superannuation Fund
10. Australia - L Bispham Superannuation Fund
11. Australia - Moss ROPS Superannuation Fund
12. Australia - Woodstone Superannuation Fund
13. Isle of Man - Laurels SIPP

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.