CIPP Payroll: need to know - 2022-23

`The Chartered Institute of Payroll Professionals

News On Line

Emailed: 16 November 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 eight scheme names added to the list, ten removed and one amended. The changes notes indicate 14 names have been removed, we will update if a correction is issued.

HMRC list the updates, as follows.

Schemes added

Australia

Hootman SMSF Klabon Super Fund Powell ROPS Fund Rossiter SMSF Sanctuary SMSF Stevenic SMSF

Jersey

Grant Thornton Services (Jersey) Limited Employee Pension Scheme MJE Investments Limited

Schemes removed

Australia

Nixon ROPS Fund

Isle of Man

Allen S Personal Pension Scheme Atom Personal Pension Scheme Bancroft Personal Pension Scheme Chiles Personal Pension Scheme Gallagher N Personal Pension Scheme Lunt Personal Pension Scheme Lyons D Personal Pension Scheme Prescott B Personal Pension Scheme Staaf O Personal Pension Fund

Schemes amended

Australia

Henderson Family Retirement Fund (previously Henderson Family SMSF Pty Ltd)

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: 2 December 2022

cipp.org.uk

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