“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 4 September 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 23 September 2015
The Recognised Overseas Pension Scheme (ROPS) list has been updated with 13 new schemes.
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 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.
Qualifying recognised overseas pension schemes 6 October 2015
HMRC has updated form APSS251 and associated notes to more accurately reflect the purpose of the form.
Form APSS251 is used by pension scheme managers to notify HMRC that a scheme is a recognised overseas pension scheme in accordance with Section 150(8) and Section 169 Finance Act 2004.
The form may also be used to notify HMRC of changes to scheme details.
Reporting requirements HMRC has also published updated details of reporting requirements for overseas pension schemes.
List of Recognised Overseas Pension Schemes updated 22 October 2015
Two schemes have been added to the 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.
Ellerbrook Super Fund and Santa Caterina Retirement Fund Limited have been added to the ROPS list.
CIPP Policy News Journal
25/04/2016, Page 392 of 453
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