The list of ROPS notifications provides a mechanism for checking that aspect. However, reviewing this list should not be the only check you carry out and rely upon when deciding whether or not to make a transfer. Further checks should be undertaken to satisfy yourselves that a transfer should be made. Temporary suspension of the list of ROPS notifications From 17 June 2015 the list of ROPS notifications will be temporarily suspended for a short period to allow the list to be reformatted. The ROPS notifications list will be available again from 1 July 2015. Please note that the reformatted list will look significantly different. Qualifying Recognised Overseas Pension Scheme (QROPS) - APSS251 and APSS253 Following the pension flexibility changes which took effect from 6 April 2015, we have updated the forms APSS251- Recognised Overseas Pension Scheme notification and APSS253 - payments in respect of relevant members which relate to overseas pension schemes. However please note that the QROPS Online System has not been updated, so if you want to notify us that your scheme is a recognised overseas pension scheme or report payments from qualifying recognised overseas pension schemes in respect of relevant members you should use the forms on GOV.UK. Any APSS251 or APSS253 submitted through the QROPS Online System will not contain the relevant information following the pension flexibility changes and may be rejected as a result. This may also result in delays in the processing of requests.
List of Recognised Overseas Pension Schemes notifications 2 July 2015
HMRC have published the latest list containing pension schemes that have told HMRC that they meet the conditions to be a Recognised Overseas Pension Scheme (ROPS) and have asked to be included on the list.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
“HMRC can’t guarantee these are Recognised Overseas Pension Schemes (ROPS) or that any transfers to them will be free of UK tax. It is your responsibility to find out if you have to pay tax on any transfer of pension savings.”
List of Recognised Overseas Pension Schemes notifications 16 July 2015
HMRC have published the latest list containing pension schemes that have told HMRC that they meet the conditions to be a Recognised Overseas Pension Scheme (ROPS) and have asked to be included on the list.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
“HMRC can’t guarantee these are Recognised Overseas Pension Schemes (ROPS) or that any transfers to them will be free of UK tax. It is your responsibility to find out if you have to pay tax on any transfer of pension savings.”
List of Recognised Overseas Pension Schemes notifications 19 August 2015
HMRC have published the latest list containing pension schemes that have told HMRC that they meet the conditions to be a Recognised Overseas Pension Scheme (ROPS) and have asked to be included on the list.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
CIPP Policy News Journal
25/04/2016, Page 391 of 453
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