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What is a QROPS?

27 March, 2017

A QROPS (or Qualifying Recognised Overseas Pension Scheme) is a pension scheme set up outside of the UK and regulated as a pension scheme in the country where it is established. A QROPS must notify HM Revenue and Customs (HMRC) that it meets specific conditions set by UK legislation to receive UK pension transfers. In addition, the jurisdiction where the QROPS is established must also permit such a transfer. For more information, check our QROPS page.