We have a range of literature covering QROPS and QNUPS.
QROPS (QUALIFYING RECOGNISED OVERSEAS PENSION SCHEME)
A QROPS is a pension scheme established outside of the UK which, by meeting certain HM Revenue & Customs requirements, can receive transfers from a UK registered pension. QROPS could typically be attractive to UK residents emigrating or retiring abroad, mainly due to tax efficiencies.
While Old Mutual International itself doesn’t provide a QROPS, our offshore bonds can be used to hold all required investments within a QROPS.
QNUPS (QUALIFYING NON-UK PENSION SCHEME)
A QNUPS is a way of saving for retirement for those living overseas, or living in the UK but wanting to supplement a UK pension fund by saving outside the UK. A QNUPS is not a specific type of pension, but a set of rules that exempt certain overseas pension schemes from UK inheritance tax (IHT), unless there is evidence of deliberate tax avoidance.