Welcome to QROPS

Call: (+350) 200 76651

Qualifying Non UK Pension Scheme (QNUPS)

A Qualifying Non-UK Pension Scheme (QNUPS) meets certain criteria set out by HMRC and is rather more flexible than a QROPS in terms of contributions, investments and tax reporting requirements. A QNUPS may hold a wider range of investments including residential property. Transfers into a QNUPS are made from non-pension assets and investable wealth, whereas QROPS are designed to receive UK pension transfers. Key benefits include: potential tax efficiency in most countries, mitigating IHT, capital gains and local succession taxes upon death; no limits on contributions; flexible investment options; multiple currency options; income can be taken from age 55 or deferred until age 75, and there are no reporting requirements to HMRC.