QROPS basics
Under UK Law it is possible for those with UK pension rights, regardless of nationality, to transfer their UK retirement fund to an Overseas Pension Scheme.
In order to be eligible for such a transfer the Overseas Pension Scheme must be recognised by the UK Government as an approved arrangement.
These approved arrangements are known as Qualifying Recognised Overseas Pension Schemes or ‘QROPS’.
UK pension rights can only be transferred from the UK to those Overseas Pension Schemes that have received UK Government approval.
The UK Government maintains an official list of these QROPS arrangements which is available at the HMRC website.
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