Written Question·Treasury·UIN 31345

Pensions: Fraud

Tabled: 12 February 2025
Answered: 27 February 2025

Question

Anna Gelderd

LabourSouth 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 Reynolds
A 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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