What Are The Main Differences Between A SIPP and QROPs For UK Pension Transfers? A Self-Invested Personal Pension (SIPP) and a Qualifying Recognised Overseas Pension Scheme (QROPs) are both types of pension plans that are used to help individuals save for retirement.  There are some key differences between these two types of pension plans which we have outlined below. Location: A SIPP is a pension plan that is typically based in the individual’s country of residence, while a QROPs is a pension plan that is based in an offshore jurisdiction that offers lower tax benefits for the holder of the pension plan. Tax treatment: One of the main differences between Read more…