Following on from its co-branded QROPS proposition with Concept Group, Skandia International has also launched a co-branded QNUPS - qualifying non-UK pension scheme - also with Concept Group.
Called Aurora Quantum QNUPS, this is a Guernsey-based international retirement solution aimed at UK domiciled individuals residing outside the UK - most typical British expatriates fall under this description. The plan can be utilised as an alternative or additional pension solution with added inheritance tax benefits. While contributions do not attract tax relief, a key advantage to using a QNUPS arrangement for clients is they can invest tax efficiently and build up a pension whilst overseas. QNUPS, a kind of cousin to QROPS, is the latest product for qualifying expats to set up an of...
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