Cream of the QROPS

A subject that seems to come up at nearly every meeting I go to is QROPS (Qualifying Recognised Overseas Pension Schemes). There has always been the facility to transfer UK pension benefits overseas but before 2006 this was quite a complex issue requiring individual consideration for each scheme and often a translation of the receiving scheme's rules. Since April 2006 the only recognised transfers to overseas schemes are transfers from UK registered pension schemes to QROPS. Any other overseas transfer will be a non-recognised transfer and could be treated as an unauthorised payment. In s...