Written Question·Treasury·UIN 31345
Pensions: Fraud
Tabled: 12 February 2025
Answered: 27 February 2025
Question
Anna Gelderd
Labour — South East Cornwall
To ask the Chancellor of the Exchequer, what estimate she has made of the tax gap associated with pension fraud linked to QROPS; and what steps she has taken to prevent further losses.
Answer
Emma ReynoldsA qualifying recognised overseas pension scheme (QROPS) is the name for any pension scheme located outside the UK which meets the criteria to receive transfers of UK tax relieved pension savings. Where the overseas pension scheme has broadly similar tax c...
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