QNUPS have been available since February 2010 after announcements from the UK government regarding the exemption of particular overseas pensions schemes from UK IHT (Inheritance Tax). The HMRC specifies the criteria for pensions schemes that with not attract IHT – they must be overseas and are not restricted to countries with signed Double Taxation Agreements with the United Kingdom.
An Introduction To QNUPS
British citizens who decide to retire overseas have a number of options when it comes to deciding on where to invest. The details of your personal circumstances and objectives need to be taken into account when planning ahead.
A QNUPS might be a solution to your retirement objectives as it can hold a wide range of asset classes and has various tax benefits which provide an opportunity for greater capital growth and income. Here are some of the details that will help you understand ‘What is a QNUPS’ and if a QNUPS is an option for you.
Costs And Taxes
A Qualified Non UK Pension Scheme (QNUPS) offers flexible retirement planning options to British expats. Investing in a QNUPS has many advantages and are an option for anyone looking to emigrate and retire abroad where they can safeguard their assets and maximise their pension growth. A QNUPS offers numerous benefits but there are costs involved and each QNUPS has its own charges which vary between providers and jurisdictions.
There are any number of offshore jurisdictions that welcome overseas investment and offer excellent products and services.