Qualifying Recognised Overseas Pension Scheme, or QROPS, is an overseas pension scheme that meets requirements of Her Majesty’s Revenue and Customs (HMRC).
Over the past year we’ve seen many changes to the QROPS list including the introduction of the Pension Age Test. These changes have left many in doubt about which schemes have been wiped and which schemes remain on the list.
In this first instalment of On The Bench, Managing Director Simon Barwick and Financial Adviser Nick Bond walk us through the changes to the QROPS list, what they mean for Self Managed Super Funds and how bdhSterling can help.