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FAQ 15 – What has the QROPS provider undertaken to provide to HMRC in the UK?

The provider has undertaken to provide information to HMRC on all benefit payments made from the plan when a member is either:

  • Tax resident in the UK at the time the payment is made (or is treated as made), or
  • Although not tax resident in the UK, they have been resident in the UK earlier in the tax year in which the payment is made (or is treated as made), or in any of the five tax years immediately preceding that tax year (UK).

When you have been non UK resident for five complete tax years the annual reporting by the QROPS to HMRC ceases.

Important: Most countries operating a QROPS will also have double taxation agreements with the UK. So whilst the QROPS may no longer provide the information, HMRC can request details.

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