Some QROPS funds, such as the majority of retail or industry superannuation funds, have been delisted by the HRMC. These superannuation funds can not accept any UK pension transfer because they are no longer meeting the new HMRC ROPS rule since 1 July 2015.
How the funds will be treated for the UK pension transferred to these super fund before 1 July 2015? Basically, there are two options a) leave the funds in these Australian super fund b)transfer to another QROPS, eg SMSF.
However, the transfer between a former QROPS and QROPS SMSF may be subject to overseas transfer charge.
Should you have any questions please feel free to contact us.