I12.1003 QNUPS

I12.1003 QNUPS

This acronym stands for Qualifying Non-UK Pension Schemes and these entities appear to offer useful inheritance tax planning opportunities. They are offshore pension schemes which derive their tax benefits from Regulations introduced in February 2010.

The schemes are primarily directed at expatriates, although in fact the provisions do not contain any restriction as to whether or not members of the pension scheme concerned should be non-resident. Accordingly as matters stand, there is no reason why UK resident individuals should not set up a one of these offshore pension schemes. Effectively they are a means of making a gift

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial