What is QNUPS?

A Qualifying Non-UK Pension Scheme (QNUPS) is a type of overseas pension scheme available to British citizens that reside permanently outside of the United Kingdom or in the United Kingdom. The QNUPS scheme was created by the Inheritance Tax Regulations in 2010.

If you are a high net worth individual and have already used up your annual and lifetime allowances, then QNUPS is a perfect option, if you are looking to save more.  Because annual and lifetime allowances do not apply to QNUPS, there is no limit to the amount you can add to QNUPS.


Benefits of QNUPS?

  • Invest in a wide range of assets
  • No UK Inheritance Tax
  • Contributions do not have to come from employment relevant income
  • Any growth in the fund is free of capital gains tax
  • No reporting requirements
  • Does not require registration with HMRC

Frequently Asked Questions

By definition, QNUPS is not a product or a pension scheme. QNUPS is a set of guidelines that allows overseas pension schemes to get exempted from inheritance tax.

It is advised to use a qualified financial advisor.

For an offshore pension scheme to receive UK pension transfer, it must first be a QROPS.

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