QROPS: whys and wherefores

On 6th April 2006, the commencement of Pensions Simplification regime also brought the introduction of Qualifying Recognised Overseas Pension Schemes (QROPS). Prior to 6th April 2006, any individual looking to transfer their UK pension fund from the UK to an overseas scheme, had to provide a series of documents to prove that they had ceased living and working in the UK. In addition, they had to give further evidence that they had taken up employment in connection with the receiving overseas scheme and that they were residing in the same country as the scheme. From 6th April 2006, all th...