Skip to main content
Updated 29 Jun 2020

QNUPS enable British expats to save tax in their country of residence and on inheritance tax, not to be confused with Qualifying Recognised Overseas Pension Schemes (QROPS).

QNUPS are particularly suited to retired expatriates who are able to draw both an income and lump sums from the pension during their lifetime, and pass on the remainder of the fund to heirs on death free from inheritance tax. A retiree who has long-since stopped earning a salary can put lump sums into a QNUPS which immediately escape inheritance tax even if UK domiciled – there is no requirement to wait seven years to avoid the tax. 

The benefits of QNUPS include:

  • No requirement to pay contributions from employment-sourced income;

  • No maximum age for investing;

  • No maximum limit;

  • Helps avoid both local wealth taxes and inheritance tax;

  • Assets within the fund grow free of tax;

  • Income can be drawn from the age of 55, but there is no obligation to draw an income until the age of 75;

  • The trustees of a QNUPS have no reporting obligations to HMRC unless the scheme also holds any assets transferred from an authorised UK pension scheme;

  • You can have both a QROPS and a QNUPS.

Please contact a reputable Independent Financial Advisor to find out more about QNUPS.

Expat Health Insurance

Cigna Health Insurance

Cigna Global

Cigna Global can tailor an international health insurance plan to perfectly fit the needs of you and your family. With 86 million customers in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

Get a quote from Cigna Global

Moving Companies

Sirelo logo

Moving Internationally?

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes now!