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Qualifying recognised overseas pension scheme (QROPS)

Practical Law UK Glossary 7-244-7953 (Approx. 3 pages)

Glossary

Qualifying recognised overseas pension scheme (QROPS)

An overseas pension scheme that HM Revenue & Customs (HMRC) recognises as eligible to receive transfers from registered pension schemes in the UK. To be a QROPS, a scheme must meet various prescribed conditions. Among other points, these relate to the location in which it is established, how it is regulated, and the benefits it pays.
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Resource ID 7-244-7953
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