It is possible to transfer a UK pension scheme to a non UK pension scheme known as a Qualifying Recognised Overseas Pension Scheme (QROPS).

There are a number of conditions that a foreign pension scheme must fulfill before being recognised and accepted by HMRC in the UK. Gibraltar pension schemes which satisfy these conditions are currently negotiating with HMRC to confirm that they are able to benefit under QROPS.

We will bring you more details in due course once more is known.