The Revenue has suspended its notification list of qualifying recognised overseas pension schemes (QROPS), after discovering the inclusion of schemes that do not meet the pension age test.

The erroneous entries will be removed, and advisers should not “rely on previous lists as notification by the pension scheme to HMRC,” the tax department announced, adding, “In the meantime a pension scheme established in a country that can be required to make payments before age 55 – in circumstances other than ill health – will not be able to meet the pension age test if the scheme allows the member to receive transfers …