What are “QROPS” ?
From April 2006 HMRC introduced the concept of Qualified Recognised Overseas Pension Schemes or (QROPS) as a domestic recognition that an overseas pension meets UK criteria. However, even though a small number of US pension schemes have applied for QROPS status they are not permitted by the IRS to receive a transfer from the UK (reference HMRC-RPSM14101050).