About QROPS-Qualifying Recognised Overseas Pension Scheme

 QROPS have come a long way since 6th April 2006 when they were introduced as part of the A-Day reforms and as a means for the government to comply with EU rules allowing free movement of trade and services. More than ten years on, QROPS continue to be an attractive option for high net worth individuals who wish to retire outside UK & retain maximum control & flexibility over their UK pension fund.

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Importance Of Expert Advice on QROPS

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Our long  interactions  with good number of QROPS  clients in India puts the fact  that both local financial advisors as well as financial markets itself  are very new to QROPS industry. Many advisors  in India are not even aware of often revising UK-HMRC regulations over QROPS. It is important to know the UK-HMRC’s regulations over QROPS before choosing a QROPS scheme to get One’s UK pensions transferred. 

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For example, Publication of pension scheme names on HMRC’s QROPS list should not be seen as confirmation by HMRC that it has verified all of the information supplied by the overseas scheme in its notification. The purpose of the HMRC’s pension scheme list is merely to help UK registered pension schemes carry out their due diligence when transferring pension corpus to another pension scheme overseas. One should understand that this  HMRC’s list cannot be taken as a recommendation for a particular overseas scheme or pension product. Nor should it be taken that any scheme featured on HMRC’s list is approved or backed  by HMRC. HMRC is neither responsible  nor guaranteeing the listed  schemes on its website are still meeting requirements of UK pension regulations. Choosing a pension scheme overseas that is not meeting the current UK regulations will attract the UK tax of 55%  along with penalty that can go upto 82% on the total UK transferred fund.

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So, to really benefit from QROPS the client needs to look for a professional QROPS advisor & start shopping  around under expert guidance. Selecting an appropriate QROPS in the potential jurisdiction like India is imperative to prevent paying a lot of one’s pension fund savings to the taxman & avoid having a bureaucrat tell you what you can & cannot do with your funds. So it is the time to contact Professional QROPS Consultant. Below are our Contact Details.


Mr Ravi Kumar. Financial Consultant (Code: 60272381, QROPS Consultancy),

A&B Law & Financial Associates, No-2720, 12th, Main, Jayanagar 4th Block, Bangalore-560 011

Cell: +919844519872

Email: ravi.sampige@gmail.com



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