[UK] The ROPS List 1st 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 1^st of November 2019 update adds 11 schemes as follows:

1. Australia – Fab Superannuation Fund
2. Australia - Whisperer
3. Belgium - Caisse de prevoyance des avocats, des huisiers de justice et autres independants OFP
4. Gibraltar - Abacus Retirement Annuity Trust Scheme
5. Gibraltar - Andromeda Retirement Annuity Trust Scheme
6. Gibraltar - Cornhill Retirement Annuity Trust Scheme
7. Gibraltar - Cygnet Retirement Annuity Trust Scheme
8. Gibraltar - Fortress Retirement Annuity Trust Scheme
9. Gibraltar - Metro Retirement Annuity Trust Scheme
10. Gibraltar - Resort Group Plc Retirement Annuity Trust Scheme
11. Guernsey - Asterix Retirement Annuity Trust

Also, in Australia, the Soaring Tail Superannuation Fund has had a name change to the Soaring Tall Superannuation Fund.

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 1^st of November 2019 update adds 11 schemes as follows:

1. Australia – Fab Superannuation Fund
2. Australia - Whisperer
3. Belgium - Caisse de prevoyance des avocats, des huisiers de justice et autres independants OFP
4. Gibraltar - Abacus Retirement Annuity Trust Scheme
5. Gibraltar - Andromeda Retirement Annuity Trust Scheme
6. Gibraltar - Cornhill Retirement Annuity Trust Scheme
7. Gibraltar - Cygnet Retirement Annuity Trust Scheme
8. Gibraltar - Fortress Retirement Annuity Trust Scheme
9. Gibraltar - Metro Retirement Annuity Trust Scheme
10. Gibraltar - Resort Group Plc Retirement Annuity Trust Scheme
11. Guernsey - Asterix Retirement Annuity Trust

Also, in Australia, the Soaring Tail Superannuation Fund has had a name change to the Soaring Tall Superannuation Fund.

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.