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QNUPS Pensions

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Could a QNUPS Pension help reduce the impact of UK Inheritance Tax (IHT) on the future of your assets?

QNUPS (Qualified Non-UK Pension Schemes) are a form of Overseas Pensions available to both those who are U.K. domiciled (whether U.K. resident or not) and are seeking to move their pension overseas.

QNUPS are most commonly used by Expats who are planning on retiring outside of the U.K. and are therefore potentially able to get a preferential tax rate in the country they are retiring in as well as alleviate U.K. inheritance tax (IHT). However, you do not need to be planning to retire abroad to be eligible, they are available to anyone who is U.K. domiciled (whether U.K. resident or not).

The scheme was introduced by the UK Government on 15th February 2010 to correct an ambiguity in the earlier legislation. The initial intention was to exempt a pension fund from IHT on the death of a pension member if no lump sum or other payment was drawn down from the retirement fund.

There are very specific benefits to the scheme, primarily that your assets are effectively removed from the U.K. tax net and introduced to a new tax environment depending on your residence. This can lead to a substantial increase in income derived from your retirement fund.  Individuals can also invest more regularly into their retirement fund than the UK annual allowance of £50 000.

Pryce Warner International Group have over 40 years experience handling retirement planning for Expats and we have hundreds of advisors in over 60 countries worldwide. We always ensure to work with clients on a case-by-case basis, carefully assessing each individual’s unique set of requirements to create a plan that is tailored to their needs.

We offer a free initial consultation, so, if this scheme is not suitable for you, there will be no fee.

We can help you make the most of retirement today.

QNUPS Application Form
As an initial step please complete the QNUPS application form below so that one of our expert advisors can assess your... Read more
Leading QNUPS Providers
Pryce Warner International Group are amongst the leading QNUPS providers on any QNUPS providers list and we primarily... Read more
QNUPS Pension FAQs
QNUPS Overseas Pension FAQs (and Vs. QROPS): What Assets can be transferred into a QNUPS? QNUPS are notably flexible... Read more
QNUPS Pension Benefits
QNUPS benefits include: There is no upper limit on how much you can contribute into a QNUPS; this may be of... Read more
QNUPS Legislation & Procedures
A brief overview of QNUPS Legislation & Procedures Client QNUPS enquiry sent to QNUPS providers, Pryce... Read more