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 3 March 2021
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 ten scheme names added to the list. No names have been removed, and no amendments have been cited in this update.
A very welcome change is that HMRC now lists the updates, as follows.
Schemes added
Australia
D Williams Superannuation Fund Fishbird Super Fund Gray Family Superannuation Fund Harrington ROPS Fund Kettle Future Fund Longair and Pumphrey SMSF Mark G. Johnson Super Fund Plasmatio Super Fund Ward Superannuation Fund
Hong Kong
Ampere Partners Retirement 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.
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Underpaid state pension values estimated at £3 billion 5 March 2021
Within the Office for Budget Responsibility’s (OBR) Economic and Fiscal outlook report for March 2021, there is confirmation that the Department for Work and Pensions (DWP) anticipates that it will cost £3 billion over the course of the next six years to resolve a problem relating to underpayments of the state pension made to certain women.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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