The decision to transfer your pension to a Qualifying Non UK Pension Scheme may often be discussed in terms of general reasons. But what do the cold hard figures say about the idea? IHT savings This figure is going to be of more concern to your intended beneficiaries than you. But if your estate is [...]
QNUPS help you save more
August 9, 2010
If you are an ambitious, driven person, you will no doubt be motivated by the desire to achieve as much as you possibly can. Perhaps you have maximised your earnings potential, and negotiated the best deal that you can with your employer. So when it comes to reflecting this in your investment plans, how can [...]
Changes to pension tax relief plans pave the way for QNUPS
August 6, 2010
The trouble with government discussion papers is that you never know whether the government is listening to those who comment on them. Will they take those comments into account when they draw up their own final proposals? When the government published a discussion paper about plans to change the way in which tax reliefs operate [...]
QNUPS – Who can get one
August 5, 2010
If you have ever assumed that offshore investments are only for the superrich, think again. QNUPS are available for a wide range of people, including: People who want to save inheritance tax Of all the taxes that the Treasury takes from you, inheritance tax is often the most controversial. This is because you have probably [...]
QNUPS for people who have already retired
August 4, 2010
Pensions are typically encouraged by governments who want people to save their own money during their working lives and provide for a comfortable retirement. Tax reliefs and other incentives may seem generous, but governments have an ulterior motive – they do not want older people to turn to the state for handouts in retirement. So [...]
QNUPS: Death and taxes
August 3, 2010
They say that the only things you can be certain about in life are death and taxes. You cannot do anything about one of those certainties (at least not unless science takes some considerable leaps forward). About the second, on the other hand, there are some steps that you can take. Have you ever considered [...]
Pros and Cons of QNUPS
August 2, 2010
If you are thinking about getting a QNUPS, it is probably the exemption from UK inheritance tax that has got you interested in the idea. After all, the chance to reduce your potential IHT bill so considerably is very attractive. The UK government effectively confirmed the IHT status of certain foreign pension schemes in February [...]
QNUPS – Suitability
August 1, 2010
Are you a United Kingdom resident? Are you domiciled in the United Kingdom? If so, you are probably suitable for a QNUPS – an overseas pension scheme that is exempt from UK inheritance tax. Unlike some of the other overseas pension schemes on the market, the beauty of QNUPS is that they are suitable for [...]
How to pick a QNUPS
July 30, 2010
Getting a QNUPS can be exciting. After all, you have worked for years to build up some assets that you want to pass on to your children or grandchildren, and a QNUPS will allow you to do this. But how can you choose between the ones on offer? A proper QNUPS Firstly, you need to [...]
Overseas pensions and IHT planning
July 29, 2010
Since February of 2010, there has been a new option available for people who want to mitigate their IHT liability. Qualifying Non UK Pension Schemes may be appropriate for people who are UK domiciled (and who therefore whose assets run the risk of being subject to IHT), whether they live in the United Kingdom or [...]
