A Qualifying Recognised Overseas Pension Scheme (QROPS), is a non-UK pension scheme or the equivalent recognised as such by UK Her Majesty's Revenue and Customs (HMRC).

For a New Zealand superannuation scheme to be recognised by HMRC, the New Zealand scheme must be  registered with the New Zealand Inland Revenue Department (IRD) as a superannuation scheme in New Zealand and also approved and registered with UK HMRC.

When UK pension funds are transferred to a New Zealand QROPS, the QROPS trustee will generally be obliged to lock them in until the member reaches retirment age. The QROPS trustee will be obliged to report payments to the member within 5 years of the member being UK resident.

Transferring UK pension funds to a QROPS is a specialised area. A specialist independent financial advisor authorised to advise by the Financial Services Authority should be consulted before transferring a UK pension fund to a QROPS.