A Qualifying Recognised Overseas Pension Scheme or QROPS is an overseas pension scheme in to which transfers from UK pensions are permitted, provided the QROPS meets certain conditions set out by HMRC (Her Majesty's Revenue and Customs). What is a QROPS? In April 2006, it was announced that British expatriates could move their pension benefits out of the UK to a QROPS with the Revenue's approval. The rules of the scheme must be broadly equivalent to a UK registered pension scheme and the QROPS trustee must provide HMRC with information on certain events if the individual was resident in the UK for tax purposes during the previous 5 years. If the individual has been non-resident for more than 5 complete tax years HMRC no longer require information to be reported to them and the individual can take advantage of the local pension regulations. An individual may wish to establish a QROPS in a jurisdiction with favourable pension rules. Thereby it is possible to achieve significant tax and investment advantages when compared with a UK pension. The principal advantages of QROPS are: The ability to pass pension assets to your Children without penal tax charges - up to 82% in the UK. Ability to take 25% tax free cash. Potential to take a greater retirement income. A wider investment choice including loans from the pension and residential property.  For more information on QROPS visit The Overseas Pension. To find out more call i-SIPP on 0870 777 0368 or email info@i-SIPP.com