Whilst your pension is something that you may review from time to time, it is unlikely to be something that you consider everything week or month. So if you are thinking about getting a QNUPS, you will no doubt benefit from the experience of an adviser who deals with this sort of thing day in, [...]
QNUPS – the plus points
Qualifying Non UK Pension Schemes are the new darlings of the overseas investment world. So what is all the fuss about? As it turns out, they have a number of different advantages, and may be suitable for a wide variety of investors. Inheritance tax Inheritance tax, or rather their exemption from it, is where QNUPS [...]
How much does a QNUPS cost?
If you have read about QNUPS and been enthused by the idea of getting an overseas pension scheme that is exempt from UK IHT, you may be wondering what the catch is. Surely this has to be too good to be true? Not necessarily. As long as you do enough research into finding the right [...]
Top 3 questions about QNUPS
If you are interested in planning your personal finances, you may have heard about QNUPS. Here are the answers to the top 3 questions you may wish to ask about them. What does QNUPS stand for? QNUPS stands for Qualifying Non UK Pension Scheme, which means that they are overseas pension schemes that meet HMRC’s [...]
Three facts you need to know about QNUPS
Here are three main facts that you need to know about QNUPS. QNUPS are exempt from inheritance tax immediately Have you ever taken advice on inheritance tax planning measures before? If you have, you may have been frustrated to learn that some schemes cannot be guaranteed to be effective for at least 7 years after [...]
Fryer case highlights need for IHT planning
What is the default position of assets or money in a pension fund on the scheme member’s death for IHT? The answer to this question rests on whether or not benefits have been taken from the scheme. With UK private pension schemes, benefits may typically be taken between the ages of 55 and 75. A [...]
Why you should get a QNUPS
Why should you get a QNUPS? Qualifying Non UK Pension Schemes have only been around for a few months, but they are already causing a stir in the offshore pensions world. Whilst Qualifying Recognised Overseas Pension Schemes (or “QROPS”) have been around for a while, it was not clear until the QNUPS regulations came in [...]
What do QNUPS have to offer?
QNUPS stands for Qualifying Non UK Pension Schemes. They were brought about by UK government regulations which came into force in February 2010, and offer a number of advantages to people who want a tax efficient way to save for their retirement. The first thing to note about the schemes is that they are exempt [...]
Your legacy and how a QNUPS can help
Before we start to talk about inheritance tax planning – have you even made a will? If you have not, it will not be your wishes but the state who decides how to distribute your belongings after your demise. If you are living abroad or own assets that are based in foreign countries, you may [...]
QNUPS – Who can get one
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 [...]
