CIPP Payroll: need to know - 2022-23

`The Chartered Institute of Payroll Professionals

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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.

The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.

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Recognised overseas pension schemes notification list Published: 15 August 2022 Emailed: 17 August 2022

The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.

The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.

There have been six scheme names added to the list and six removed. There are no amendments cited in the release.

HMRC list the updates, as follows.

Schemes added

Australia

Barnstable Super Fund Chapple Superannuation Fund Mike Bennett SMSF Phil Harries Superannuation Fund

Isle of Wight

Local Government Superannuation Scheme 2012

Jersey

Prosperity Group Limited Pension Scheme

Schemes removed

Australia

RG Plus55 SMSF Rough Superannuation Fund Sofat QROPS Fund

Ireland

Kieran Phillips (Bespoke) Pension Trust

Isle of Man

EP Pension Plan Narrak Personal Pension Scheme

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.

The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.

cipp.org.uk

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