tax perspective”. Isle of Man 50C schemes do not pass the new test – because 50C pensions are subject to tax in the case of Isle of Man residents – and so 10 Isle of Man schemes fell off the official QROPS list when it was first re-published by HMRC after 6 April 2012. Nonetheless 173 Isle of Man QROPS remain. The implications however were much larger for Guernsey-based QROPS. Notwithstanding a change in Guernsey pensions legislation in order to attempt to comply with the new QROPS regulations, over 300 Guernsey QROPS were removed from the 12 April 2012 HMRC official list, leaving just 3. The reason for the cull of Guernsey schemes from the QROPS list remains unclear in the absence of any official HMRC statement. See also List of Acts of Tynwald#1970s References External links Isle of Man Introduces New Pension Scheme Manx law Tax legislation 1970 in law 1970 in the Isle of Man