Qualifying Recognised Overseas Pension Scheme (QROPS)


With 580,000* United Kingdom (UK) expatriates living in Canada, you are likely to have some clients with pension plans still in the UK. The Qualifying Recognised Overseas Pension Scheme (QROPS), available through Standard Life in Canada, provides the product solutions to accept registered retirement money transfers from the UK.

Although commuting a pension plan into value and the decision to transfer retirement funds requires careful evaluation by qualified advisors, there could be a number of benefits for the client who transfers a UK pension plan to Canada including:


  • enhanced investment opportunity
  • Canadian currency
  • more income flexibility during retirement
  • the deferred, or possibly reduced, taxation of Canadian registered plans
  • estate planning options
  • the reduction or elimination of UK inheritance tax

If you have UK expatriate clients, find out how you can help them with the transfer of their pension funds into a Standard Life Canadian RSP investment. Take a look at the documents below.

* 2006 Census