QROPS is an abbreviation for Qualifying Registered Overseas Pension Schemes.

QROPS is an abbreviation for Qualifying Registered Overseas Pension Schemes. It is a program that allows UK pension holders to transfer their funds to an offshore grant lucre. This is a superior way for UK expats to minimize their encumbrance legal responsibility besides get done their pensions anywhere in the world.

There are some restrictions on the types of pensions that can be transferred. Some of the pensions that will qualify are occupational or company pensions, SSAS or Small Self Administration of Pension Schemes, unsecured pensions, or income drawdown, just to name a few. The pension ought to also round up certain criteria buy by HM income again tax. A list of QROPS that qualify are listed on their website.

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