A Qualifying Recognised Overseas Pension Scheme (QROPS) is an overseas pension scheme that Her Majesty’s Revenue & Customs (HMRC) recognises as being eligible to receive an authorised payment in the form of recognised transfer from registered pension schemes in the UK. Simply you can move your Pension fund to another country.
In this video (in three parts), Gerard Associates Director Gary Barlow discusses the pros and cons of QROPS, for British taxpayers and expats.