Information

What is a QROPS?

QROPS is the acronym for “Qualifying Recognised Overseas Pension Scheme’. QROPS were launched
on April 6, 2006, as part of new legislation aimed at simplifying pensions. A Qualifying Recognised Overseas
Pension Scheme is any scheme recognised by HMRC as meeting certain standards and conditions equivalent
to a UK pension. This approval allows anyone with a UK registered pension who is living outside the UK,
or is intending to leave the UK on a permanent basis, to transfer their pension into more flexible arrangements
offhore that reflect a "non-resident for tax purposes" status, with the approval of HMRC.

The jargon means:
Qualifying – That the scheme meets HM Revenue and Customs QROPS rules
Recognised – The scheme is regulated by the tax authorities in the country where the QROPS is opened
Overseas – The QROPS is a scheme based outside the UK
Pension Scheme – A scheme giving benefits to someone in the event of his/her:
- Retirement
- Death
- Reaching a particular age
- Suffering serious illness or incapacity

Who can apply for a QROPS?

Anyone with UK pension funds that intends to retire permanently overseas, such as:
- UK taxpayers who intend to or have already moved outside the UK
- International workers returning to their home or another country

Can someone of Casahipoteca come to my house for advice? Yes we can. Please call Marcel Palm for an
appointment at: +34 64 78 78 906 or send an email to laptop@casahipoteca.com

Can I get more info about QROPS before I make an appointment?
Yes you can download our QROPS Guide

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