CIPP Payroll: need to know - 2022-23

`The Chartered Institute of Payroll Professionals

News On Line

Emailed: 7 December 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 16 scheme names added to the list and eight removed.

HMRC list the updates, as follows.

Schemes added

Australia

Blue Badger Super Fund David Kerr Super Fund Gerald Plaskett Super Fund Holytown Super Fund Khalid & Lubna Family Super Fund Lagmore SMSF Lawrence Family Super Fund My Options KG Watson Super Fund P and S Benson-Cooper SMSF Super Fund PCR Super Fund SEM Retirement Trust

Tulsi Superannuation Fund Wilding Family Super Fund Wilson SMSF

Guernsey

HSBC Guernsey Defined Contribution Scheme

Hong Kong

MTAL Retirement Benefits Scheme

Schemes removed

Australia

ADB 55 Plus Superannuation Fund Gilstead 3 Pty Ltd Super Fund Patrick Murray Super Fund Somers Super Fund

Isle of Man

Niall Healy Pension Trust Xerritt Self Invested Personal Pension Scheme

Netherlands

Ixly BV SystemsAccountants BV

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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