Notification and re-notification of recognised overseas pension scheme status
Details of when you need to notify or re-notify HM Revenue and Customs (HMRC) of a pension scheme status and what you need to do.
Notify HMRC of a scheme’s recognised overseas pension scheme (ROPS) status
To be a qualifying recognised overseas pension scheme (QROPS), you must notify HMRC that the scheme meets the conditions to be a recognised overseas pension scheme (ROPS).
When you do this you must tell HMRC how the scheme meets the conditions to be a ROPS. Fill in form APSS251 to make this notification.
Use form APSS251A to tell HMRC of any changes to overseas pension scheme details or correct information given previously.
Re-notification of a scheme’s ROPS status
You must notify HMRC of your ROPS status every 5 years from the date that HMRC gives you your QROPS number. You must provide the same information as you did when you first notified your scheme’s ROPS status.
You have 6 months before the re-notification deadline to tell HMRC that your scheme meets the requirements to be a ROPS.
The ROPS re-notification process begins from 6 April 2016 and for the first re-notification HMRC will write to tell you that you must re-notify your scheme as a ROPS.
If you don’t successfully re-notify HMRC of the ROPS status of your scheme, it will be suspended from the list and HMRC may exclude the scheme from being a QROPS.
Notifying HMRC that a scheme doesn’t qualify as a QROPS scheme
You must tell HMRC if your scheme is no longer a QROPS when:
- you want to give up QROPS status
- the scheme no longer meets the conditions to be a QROPS
- the scheme has been excluded from being a QROPS by HMRC
Use form APSS251B to do this. You have 30 days to send this information to HMRC. You still have reporting obligations even though the scheme is no longer a QROPS, for example on amounts paid out by the scheme.
Changes to the pension tax rules for overseas schemes
The rules for overseas pension schemes have changed this tax year. For example, the conditions a scheme has to satisfy if it is to be a QROPS changed with effect from 6 April 2015.
There may be further changes, so it’s important that you keep up to date with any changes to the pension tax rules relating to overseas schemes. This will help you meet the undertaking you gave when you first told HMRC about your ROPS status - this was that you would notify HMRC if your scheme stops meeting the ROPS requirements.
You can find more on the pension tax rules in the Pensions Tax Manual.