A guide to QNUPS

There’s been much talk on QROPS within the pensions marketplace, but altogether less attention has been lavished upon its lesser-known sister QNUPS (Qualifying non-UK pension schemes). While QROPS came into effect in 2006, QNUPS did not appear until several years later. Borne out of the inheritance tax regulations, QNUPs were not formally introduced into the marketplace until February 2010. But what they lack in maturity, they certainly make up for in benefits. Since the introduction of ever lower annual and lifetime allowances on pension contributions – a bone of contention among ...