QROPS (or ROPS)

QROPS stands for qualified recognized overseas pension scheme and came into effect on the 5th of April 2006, with the pension reforms for UK personal and work pensions, allowing anyone living abroad and having a UK pension, to transfer it without seeking HMRC approval.

Although tightly regulated by the HMRC they are an ideal solution for the expat investor, who wish to transfer their personal or occupational UK pension plans to a more flexible, multicurrency, tax efficient offshore investment bond. In view of the specificity of these offshore pension solutions, we recommend you talk to one of our qualified tax and investment consultants, who will help you identify your real needs for these solutions.