{"id":11333,"date":"2020-08-16T18:22:42","date_gmt":"2020-08-16T08:22:42","guid":{"rendered":"http:\/\/www.dbalawyers.com.au\/?page_id=11333"},"modified":"2022-08-15T13:54:28","modified_gmt":"2022-08-15T03:54:28","slug":"qrops-documents","status":"publish","type":"page","link":"https:\/\/www.dbalawyers.com.au\/qrops-documents\/","title":{"rendered":"QROPS Documents"},"content":{"rendered":"
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\"download<\/a> \"order<\/a><\/p>\n<\/div>\n

The below document service relates to the UK rules for Qualifying Recognised Overseas Pension Schemes (QROPS<\/strong>).<\/p>\n

For existing<\/strong> SMSFs, the pricing is as follows (inclusive of GST)<\/p>\n\n\n\n\n\t\n\n\t\n\t
Description<\/th>Softcopy *<\/th>\n<\/tr>\n<\/thead>\n
SMSF Deed Update (QROPS<\/b>) documentation \u2014 click to order<\/a><\/td>$ 1,500 ^<\/td>\n<\/tr>\n
* Additional fees for hardcopy documents apply. Click here<\/a>
\n^ The above fee does not include lodgement of the executed paperwork with HMRC<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

For new<\/strong> SMSFs, the pricing is as follows (inclusive of GST)<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Description<\/th>Softcopy *<\/th>\n<\/tr>\n<\/thead>\n
New <\/strong>(QROPS<\/b>) SMSF documentation \u2014 click to order<\/a><\/td>$1,500 ^<\/span><\/span><\/td>\n<\/tr>\n
New <\/strong>(QROPS<\/b>) Company documentation \u2014 click to order<\/a><\/td>$262<\/span><\/td>\n<\/tr>\n
ASIC registration fee for the company (no GST) (from 1 July 2023) <\/td>$576<\/span><\/td>\n<\/tr>\n
Total<\/strong><\/td>$2,338<\/strong><\/span><\/td>\n<\/tr>\n
* Additional fees for hardcopy documents apply. Click here<\/a>
\n#<\/strong> ASIC fee is indexed each 1 July and for FY2023 it was $538. Since we act as your agent to register the company, no GST applies to the ASIC fee.
\nPricing (apart from ASIC fees) includes GST
\n^<\/strong> The above fee does not include lodgement of the executed paperwork with HMRC
\nUnless documents are ordered online at https:\/\/online.dbalawyers.com.au\/login<\/a> an extra fee applies per suite of documents. See here<\/a> <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Overview<\/h3>\n

NB: <\/em>If you wish to order QROPS documents please use our standard ordering process for a new SMSF or an SMSF deed update and note in the special instructions that you would like a QROPS 55+ deed. The pricing in our online ordering system will be adjusted to reflect the above prices after you complete the order.<\/p>\n

For individuals with money tied up in a UK-based pension scheme who would like to repatriate to their Australian SMSF, we offer a suite of SMSF documents that satisfy the QROPS standards set out by Her Majesty\u2019s Revenue and Customs (HMRC<\/strong>) both in relation to new SMSFs and existing SMSFs.<\/p>\n

Broadly, HMRC do not accept that Australia\u2019s superannuation law payment standards align with the UK\u2019s standards unless membership of the fund is restricted to persons aged 55 years or over. Thus, the suite of documents prepared by DBA Lawyers is on the basis that all fund members are over 55.<\/p>\n

Generally, UK pension schemes will release money to a QROPS fund, provided that the UK scheme is not an unfunded defined benefit or a state pension scheme. Thus, clients should discuss these aspects with their UK pension scheme provider prior to ordering the above documents.<\/p>\n

What\u2019s included<\/h3>\n

We supply comprehensive documents that comply with the standards set out by the HMRC including:<\/p>\n