Do I need QNUPS? If you are looking to settle abroad but want to enjoy UK pension benefits then yes you need this scheme.
QORPS and QNUPS are extremely beneficial for those who want to transfer their Pension funds from UK to another country, with the latter offering additional Inheritance Tax benefits. They are great schemes to have Offshore Investment, which gives you the option to earn better in the future. Tax benefits on the Retirement fund are the main highlights of QNUPS. So if you are planning to retire abroad then to enjoy the full benefits of your pension tax-free you need this scheme.
QNUPS has only been out for few months and it has already created huge ripples in the ocean of Offshore Investment because of its lucrative tax benefits. Even though QORPS brought in many tax benefits when introduced in the year 2006, people were still not … Read More