QNUPS
International pensions can offer great retirement planning opportunities in circumstances where UK registered pensions may simply not be enough.
UK based high net worth individuals, or those who are UK domiciled but living abroad face more complex considerations when making their retirement provisions.
Qualifying Non-UK Pension Schemes
QNUPS must meet certain strict requirements and incorporate specific criteria into their scheme rules, in a similar way as QROPS do, but with additional flexibility, in order to be considered an acceptable overseas pension scheme by HMRC.
Professional guidance and tax exemptions
When set up correctly under the right professional guidance, a QNUPS can be a valuable retirement planning vehicle. It offers a wide investment choice, operates in a favourable tax environment, including exemption from UK inheritance tax, allows flexible pension income options and is not subject to the UK Lifetime Allowance Limits..
