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QNUPS for Expats

A QNUPS (Qualifying Non-UK Pension Scheme) is a pension scheme that is recognised by the UK tax authorities, but which is not subject to UK pension rules.

QNUPS are often used to protect investors from UK inheritance tax and can help avoid other taxes such as capital gains tax in different countries across the world.

Who qualifies for a QNUPS?

  • The Shell Overseas Contributory Pension Fund (SOCPF) can be transferred into a QNUPS where appropriate.
  • Cash can be invested into a QNUPS.
  • Companies can be set up in a QNUPS to then receive dividends or income inside the tax wrapper.

What are the advantages of a QNUPS?

  • Not liable to UK inheritance tax
  • Offers gross roll-up
  • Not bound by UK pension rules such as lifetime allowance
  • Can invest into property inside a QNUPS
  • Can invest into any major currency such as GBP, EUR or USD
  • Can take a 30% Lump sum at retirement

If you’re looking for a way to potentially boost your retirement income and take advantage of valuable tax breaks, a QNUPS could be worth considering. Speak to a financial advisor to find out more.