Can the overseas QROPS scheme make payments to members that would be deemed unauthorised in the United Kingdom?
A. All overseas schemes, even if they are QROPS schemes, must abide by the pension regulations of their own country of domicile. Some countries have pension regimes that are as rigid as those in the UK – and some do not. New Zealand has a very light-handed pension regime that allows payments to members in circumstances not allowed in the United Kingdom.
Related Questions
- What would the position be if a cheque was received by the QROPS scheme manager on or after 6 April 2006 but before the overseas scheme received its QROPS status?
- Can the overseas QROPS scheme make payments to members that would be deemed unauthorised in the United Kingdom?
- What is a Qualifying Recognised Overseas Pension Scheme (QROPS)?
