SI 2019/773 - The Pension Schemes (Information Requirements — Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2019

Released 2 April 2019

SI 2019/773 amends SI 2006/208 (information requirements) in relation to onward transfers by QROPS from 25 April 2019.

The Pension Schemes (Information Requirements — Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) (Amendment) Regulations 2019 make amendments to the Pension Schemes (Information Requirements — Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006 (SI 2006/208). SI 2006/208 prescribes information which a qualifying overseas pension scheme (QROPS) must provide to HMRC and circumstances in which HMRC may require information. The amendments to SI 2006/208 relate to onward transfers and amend regulations prescribing information to be provided, accounting for the overseas transfer charge, assessment of unpaid overseas transfer charges, and repayment of the overseas transfer charge on subsequent excluding event. The regulations come into force on 25 April 2019.

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