Number and total amount of transfers made to QROPS each year since 2006 to 2007.
Since April 2006 individuals have been able to transfer their pension savings in a registered pension scheme to a qualifying recognised overseas pension scheme (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.