QROPS Pension Scheme Compatibility
In April 2006, it was announced that individuals with UK pension rights who have or will become non-resident in the UK for tax purposes could move their pension benefits out of the UK to a Qualifying Recognised Overseas Pension Scheme - QROPS - with the Revenue’s approval. Think of it as an International or Offshore Pension.
A QROPS is a Qualifying Recognised Overseas Pension Scheme that can have significant taxation and investment advantages to individuals with UK pension rights who have, or will become non-resident in the UK for tax purposes.