QROPS

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.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Qualifying registered overseas pension schemes — Qualifying Overseas Pension Schemes (QROPS)A Qualifying Overseas Pension Scheme or QROP is a an overseas pension scheme which has been approved by Her Majesty s Revenue and Customs (HMRC) to receive the transfer of UK Pension Benefits. Typically… …   Wikipedia

  • 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… …   Law dictionary

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