[UK] The ROPS List 5th of February 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.  At the start of February it was updated late on the 5^th rather than the 3^rd.

 The 5^th of February 2020 update adds 18 schemes as follows: 

1. Australia – Ashby Super Fund
2. Australia - Banksia Tree Superannuation Fund
3. Australia – Deb & Marty Superannuation Fund
4. Australia – Duncan Super SMSF
5. Australia – Gilhooley Super Fund
6. Australia - Greg Potts Superannuation Fund
7. Australia - Hanson Johnston Superannuation Fund
8. Australia - Hatters Superannuation Fund
9. Australia - KM Daley Super Fund
10. Australia - LM Darrington Superannuation Fund
11. Australia - Louise Falkov Retirement Fund
12. Australia - McGowan Superannuation Fund
13. Australia - ND & DM Robertson Super Fund
14. Australia - PJW Super Fund
15. Australia - Stephenson Family Super
16. Australia - White Frythe Fund
17. Ireland - Andrew Robertson Low Pension Trust
18. Switzerland - Independent Freizuegigkeitsstiftung

The following 2 schemes were deleted: 

1. Isle of Man - JBD Personal Pension Scheme
2. Jersey - Sebastian-Capel Investments Ltd

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.  At the start of February it was updated late on the 5^th rather than the 3^rd.

 The 5^th of February 2020 update adds 18 schemes as follows: 

1. Australia – Ashby Super Fund
2. Australia - Banksia Tree Superannuation Fund
3. Australia – Deb & Marty Superannuation Fund
4. Australia – Duncan Super SMSF
5. Australia – Gilhooley Super Fund
6. Australia - Greg Potts Superannuation Fund
7. Australia - Hanson Johnston Superannuation Fund
8. Australia - Hatters Superannuation Fund
9. Australia - KM Daley Super Fund
10. Australia - LM Darrington Superannuation Fund
11. Australia - Louise Falkov Retirement Fund
12. Australia - McGowan Superannuation Fund
13. Australia - ND & DM Robertson Super Fund
14. Australia - PJW Super Fund
15. Australia - Stephenson Family Super
16. Australia - White Frythe Fund
17. Ireland - Andrew Robertson Low Pension Trust
18. Switzerland - Independent Freizuegigkeitsstiftung

The following 2 schemes were deleted: 

1. Isle of Man - JBD Personal Pension Scheme
2. Jersey - Sebastian-Capel Investments Ltd

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.