CIPP Payroll: need to know - 2023-24

The Chartered Institute of Payroll Professionals

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Recognised overseas pension schemes notification list Published: 4 December 2023 Emailed: 6 December 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 22 schemes added and four removed.

HMRC list the updates, as follows.

Schemes added

Australia DAFFAS SMSF Davies Family Super Fund Dyke Family Pension GC Evans Super GIA SMSF Lyall Super Fund Massie Circuit Fund MMF Superannuation Fund Morris Superannuation Fund Oakridge Holdings

Russmarg Super Fund San Jose ROPS Fund Starr’s Align Swinchatt SMSF The Midgelow Family Super Fund The Trustee For The EJH Superannuation Fund Tree of Cotton Super Fund The Wells 1985 Superannuation Fund

Gibraltar EFPG Diamond Personal Pension Plan Scheme

Jersey The Steven Pattinson Approved Drawdown Contract

Netherlands BridgeFund B.V. Schouten Europe B.V.

Schemes removed

Australia Christopher and Tomoko Brown QROPS Fund SJM Future Investment Fund

Ireland XL Services UK (Irish Branch) Limited Pension Plan

Jersey Semper Augustus Limited

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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