Transfers to Qualifying Recognised Overseas Pension Schemes
Number and total amount of transfers made to Qualifying Recognised Overseas Pension Schemes each year since 2006 to 2007.
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Since April 2006 individuals have been able to transfer their pension savings in a registered pension scheme to a Qualifying Recognised Overseas Pension Schemes (QROPS). To be a QROPS a pension scheme must be based outside the UK and meet certain requirements. Provided the requirements are met transfers to QROPS are free of UK tax up to the lifetime allowance. This is intended to allow people who wish to emigrate to take their pension with them to their new country of residence.
This publication includes the number of transfers made to QROPS and the total amount of those transfers each year since 2006 to 2007, as reported to HMRC.
Updates to this page
Published 6 December 2016Last updated 31 July 2020 + show all updates
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Updated to include 2019 to 2020 data.
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Updated to include 2018 to 2019 data.
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Updated to include 2017 to 2018 data.
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Updated to include the 2016 to 2017 tax year.
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First published.