CIPP Payroll: need to know - 2023-24

The Chartered Institute of Payroll Professionals

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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: 1 September 2023 Emailed: 6 September 2023

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 two removed.

HMRC list the updates, as follows.

Schemes added

Australia

ABSLI Guaranteed Annuity Plus Branes 42 Chris Mole Retirement Fund Coxall Super Fund Desmond Doyle SMSF Enders ROPS Fund Haigh ROPS Fund I & J Metcalfe SMSF M & A Roberts SMSF M and P Barrett Super Fund Nine Planets Superannuation Fund Stroud Family SMSF The Aitken Family Superannuation Fund The Trustee for Sandford Super Fund Three Cs

India

Max Life Guaranteed Lifetime Income Fund

Schemes removed

Australia

Paul Hirst Superannuation Fund

Isle of Man

Sandman SIPP

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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