A QROPS is essentially a private or public pension account that is held in another country but has the ability to be transferred to another country. Our services allow us to help Expats who have moved to Canada permanently to transfer their UK pensions to Canada into an RRSP (Registered Retirement Savings Plan) for many different reasons. You can find more information about UK pension transfers by click here.
QROPS – A Qualifying Recognized Overseas Pension Scheme, also called a QROPS is an overseas (in our case, United Kingdom) pension scheme that meets certain guidelines/requirements which are set out by HMRC (Her Majesty’s Revenue and Customs).
There are certain requirements that have to be met to qualify as a QROPS.