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QROPS is a different type of pension scheme that was introduced in 2006. The abbreviations extend to Qualifying Recognized Overseas Pension Schemes. This type of pension is helping thousands of UK citizens that have reached retirement age, to live their dream life abroad. Many old age pensioners wish to move to a foreign country to enjoy their last years. The cost of living and poor weather in the UK are the main reasons but previously old age pensioners were paying high costs to move their pension abroad.

Extra charges were levied and taking a pension abroad was costly until the QROPS Pension was introduced. These types of pensions are officially recognized by the UK government and present UK citizens with various benefits. If you register as a couple, then special rates are available. The overall benefits of a QROP pension will benefit many old age pensioners both now and in the future.