John Lawson
John Lawson
If you have a question about your QNUPS pension options, simply complete our ‘Contact Us’ form and we’ll get straight back to you.

What’s a QNUPS?

British citizens who decide to retire overseas have different choices 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’s a QNUPS’ and if a QNUPS is an option for you.

Advice For Expats

A Qualified Non-UK Overseas Pension Scheme (QNUPS) is an HMRC1  approved overseas-based pension finance; this new form of the pension plan was introduced in 2010 by the British authorities to facilitate retirement planning in a province of choice. Many British ex-pats choose to invest in a QNUPS in order to gain more control over their pension plan and maximise their retirement benefits.

A QNUPS is a flexible option for UK pension holders and many of the investment restrictions British citizens residing abroad faced in the past, have been eased.

Is A QNUPS For Me?

British citizens who are considering becoming a resident in a foreign province or planning to retire permanently overseas might benefit from a QNUPS. Investing in a QNUPS provides an ideal opportunity to safeguard their assets and reduce the tax liabilities on their estate.

QNUPS Benefits

A QNUPS allows British ex-pats to invert in pension finance in their country of residence when they retire overseas, thereby receiving the tax advantages2  offered by that law. Here is a list of some of the benefits:

  • Greater control over the management of the pension
  • Increased investment flexibility (QNUPS can hold a wide variety of assets)
  • Greatly reduce or be exempt from UK inheritance tax
  • Can accept money that has not been earned in employment
  • No need to make a lifetime contribution
  • No maximum age at which you can make payments into a QNUPS
  • The minimum age for a QNUPS is 18

QNUPS In Brief

A QNUPS is an overseas pension scheme that meets HMRC criteria and gives UK pension holders permanently living abroad an opportunity to invert in pension finance offshore which has the flexibility to invert and hold assets in a way that would normally not be allowed in the UK.

A QNUPS expert financial adviser3  will be able to offer the best advice on the benefits and opportunities of a particular law; taking into account your personal circumstances and conditions.


British citizens who plan to retire overseas and become permanent residents in a foreign province may find that the benefits associated with a QNUPS their best retirement option.

QNUPS (Qualified Non-UK Pension Scheme) was introduced by the British authorities in 2010 and has different benefits for British ex-pats planning retirement; such as tax relief and the ability to hold various assets classes.


When looking at investing in a QNUPS, there are different conditions that need to be considered. Factors such as domicile status, pension structure, type of pension, etc. must be taken into account.

There are many thousands of Britons living abroad who have taken advantage of the benefits of investing in a QNUPS; a QNUPS will allow you greater investment flexibility and control over your pension while significantly reducing or eliminating inheritance tax.

The following overview of QNUPS eligibility criteria is a guide to make it easier to understand if you qualify:

Who Can Apply?

  • Any British citizens (expats) that reside permanently outside the UK
  • Anyone who is a UK pension holder can take a QNUPS

The Individual

  • Must be at least 18 years old (no maximum age limit)
  • Should have a private pension scheme
  • Should be resident overseas
  • Must be looking to consolidate assets

A QNUPS Has Numerous Benefits For British Expats Planning Their Retirement

  • Flexible investment that holds a wide range of assets, much greater than a normal UK pension; such as your own home and other properties
  • You can take a loan from your QNUPS
  • You can transfer an existing QROPS4  into a QNUPS

Investing in a QNUPS offers retired British ex-pats an excellent opportunity to safeguard and maximise their pension offshore. It’s important to manage your retirement plans and grow your pension whilst avoiding unnecessary risks; it’s recommended that you contact an authorised financial adviser with expert knowledge of the legal conditions and tax laws of a particular province. An expert financial adviser will answer your questions on your QNUPS eligibility, taking into account your individual circumstances and conditions.


A Qualifying Non-UK Pension Scheme (QNUPS) is a pension fund introduced by the HMRC in 2010; it offers British expats who are permanently residing in another country, a number of benefits including substantial tax reductions.

Individuals can transfer about any resource into a QNUPS.

Assets Transfer

A QNUPS can hold a wide range of assets, including investments, assets, residential property, and cash. Also, the transfer of unconventional assets to a QNUPS such as a wine or antique collection is also allowed.

This offers QNUPS holders the opportunity to safeguard and maximise the growth of their assets in addition to providing increased tax protection on a broader collection of assets.

QNUPS has become one of the most popular offshore pension schemes in the UK because of the flexibility that a QNUPS transfer offers. QNUPS can hold a wider range of resource classes and offer more investment choices for individuals than a QROPS. QNUPS assets transfers are much more flexible and you can also take a loan from the QNUPS.

As a QNUPS allows for the investment of assets and other items there’s no need to liquidate assets prior to transferring to a QNUPS. Individuals can hold property or antiques in their QNUPS scheme and pass them on intact to their beneficiaries. In contrast to other UK pensions, assets which have been transferred to a QNUPS scheme qualify for immediate inheritance tax mitigation. With a QNUPS there’s no statutory wait of seven years following the date of the transfer for the IHT mitigation to become effective.

Asset Growth And Transfer

All resource growth and capital gains on QNUPS investments are passed on to the beneficiaries upon the death of the member, so in effect, all the assets that you transfer to a QNUPS can continue to grow, and the assets including the benefits are safeguarded. Your QNUPS assets are transferred to your named beneficiaries upon your death with greatly reduced or zero inheritance tax (it must be established that this tax relief benefit’s available prior to invest in the QNUPS scheme).


  • Assets grow in a safe (HMRC approved) tax efficient environment
  • Transfer of your assets into a plan for named beneficiaries
  • Assets may be held and the pension paid out in any major currency
  • It is possible to transfer an existing QROPS into a QNUPS

A QNUPS gives British ex-pats the opportunity to invest in an offshore pension fund and to transfer their assets into an HMRC approved scheme. Safeguarding and growing your assets within a QNUPS makes the decision on which to invest in a daunting task, and depends on your personal circumstances. Specialist financial advisers are in the best position to offer sound advice on QNUPS to people retiring overseas, taking into account their individual needs and specific requirements.

Next Steps

If you are planning to transfer your UK pension offshore; a QNUPS offers a perfect opportunity to British expats looking to safeguard their assets and reduce tax liabilities5  on their estate.

QNUPS allows for flexible investment choices and tax-efficient benefits and is recommended for those wanting to maximise the growth of their fund.

These QNUPS transfer next steps will help you prepare for an investment in a QNUPS pension scheme.

Do I Qualify?

Your fist step when investigating your QNUPS options is to check if you qualify for a QNUPS. You are eligible if:

  • You are 18 years old (no maximum age limit)
  • Your pension has sufficient funds to generate the tax savings and interest to justify the set-up costs
  • You are planning to retire abroad or are a permanent resident in a foreign province

Chat To A Specialist Financial Adviser

The next step is to get sound advice and find out if you might benefit from investment in a QNUPS. A reputable financial adviser with an understanding of the QNUPS rules and those of particular jurisdiction is in the best position to give you advice specific to your individual needs and objectives.

Download Our QNUPS Guide

Download our comprehensive QNUPS guide for an explanation and overview of all that you need to know about the benefits of investing in a QNUPS. Our guide will answer most of your questions; you can also contact our reputable registered financial adviser for advice on the benefits of a QNUPS and which jurisdiction to choose, based on your personal circumstances.

Investing In A QNUPS

After selecting the jurisdiction and particular QNUPS scheme, the actual investment is the most important of the QNUPS next steps. Having decided which QNUPS scheme is for you, our reputable registered financial adviser will arrange for your assets to be invested in your new QNUPS. At this point your financial adviser will keep you updated on each stage; you are now well on your way to protecting your assets in a friendlier tax climate which also allows for more flexible investment choices.

How Long Will It Take

It is not necessary to liquidate your assets before investing in a QNUPS so it’s generally a relatively quick process. A financial adviser will be able to give you a more accurate timeline after assessing your scheme based on the requirements and rules which vary between jurisdictions.

Enjoy Your Retirement

Once you have completed all the QNUPS next steps, you can relax and enjoy your retirement knowing that you’re benefitting from all the advantages a QNUPS investment offers. Our financial advisers are always available to address any concerns you might have regarding your new QNUPS pension scheme.

Got a Question About QNUPS?

Want to Chat With the Leading QNUPS Expert in the UK?

Regulations are constantly changing, but we’ve found the leading Qualifying Non-UK Pension Scheme (QNUPS) expert in the UK and he’s willing to answer your questions or assist if possible. Hundreds of people have saved a fortune on tax with some of his structures.

If you’d like us to connect you with him, please get in touch below.

John lawson rndlg

John Lawson

John advises business, individuals, and organisations on pension planning. As you’ve probably realised by now, we’re invested in helping people like yourself understand a little bit more about how equity release options work.
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