Qualifying Recognised Overseas Pension Scheme (QROPS)

QROPS

QROPS is a Personal Retirement Bond approved by HMRC. (UK Authorities)

QROPS Personal Retirement Bond can accept transfers from UK Occupational Pension Schemes (DB or DC), UK Personal pensions and UK Section 32 Buy Out Bonds.

There are several criteria that need to be considered as part of this process. Transfers may seem daunting and complicated but once the necessary steps to avoid any negative tax consequences are taken, the process is quite simple. It is essentially the transfer of benefits from one insurer to another.