All of the acronyms around overseas pensions are confusing. What do they mean? Are they talking about the same things, or are they different? QROPS QROPS stands for Qualifying Recognised Overseas Pension Schemes. They have been around since 2006, and offer freedom from UK income and inheritance tax. However, there are a number of strings [...]
Introduction to QNUPS
August 12, 2010
Every now and again, a new financial product hits the shelves, so to speak, that seems like a great deal for investors. When Qualifying Non UK Pension Schemes were introduced in February of this year, they were welcomed by investors everywhere who dreaded paying nearly half of their assets in inheritance tax after their death. [...]
QNUPS Questions
August 11, 2010
The best way to get to know about QNUPS is to ask questions about them. So here we ask the main ones: What is a QNUPS? A QNUPS is a Qualifying Non UK Pension Scheme, which is a type of pension scheme based overseas that was brought into being by government regulations in February 2010. [...]
QNUPS and your retirement strategy
August 10, 2010
What is your strategy for planning your retirement? If you have a “shopping list” for the things that you are looking for in a pension scheme, then a QNUPS may be well worth a look. No IHT Whilst this may not be the first thing that you may prioritise when considering what to do about [...]
The value of a QNUPS
August 9, 2010
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 [...]
