QNUPS (Qualifying Non UK Pension Scheme)
Pension IHT Protection Plan

You should take out a QNUPS IHT if:-

  • You own substantial assets
  • You want these assets to grow in a tax-free pension
  • You want to protect your assets against UK IHT
  • You are UK Domiciled, whether or not you live in the UK

What are the advantages?

  • QNUPS grow free of Capital Gains Tax
  • QNUPS protect you and your heirs from IHT (Inheritance Tax)
  • QNUPS are not subject to UK Pension Sharing Orders on Divorce
  • Frequently more tax-efficient and flexible than UK Pensions
  • Frequently more tax-efficient than owning assets personally

How do I fund my QNUPS?

  • You transfer cash, or assets or family wealth into the QNUPS
  • Your main residence can not be transferred in
  • However other residential properties are generally acceptable
  • There is no absolute limit on contributions into your QNUPS
  • Very substantial contributions are generally allowable, subject to your status
  • You should personally retain enough assets to live on prior to retirement
  • Contributions should be from individuals, not from their employers

How do I get at my money?

  • From age 55 you can take 25% tax free cash; possibly more than this
  • If you need cash before age 55 you can often take out cash tax-free as a loan

What happens when I die?

  • On death, the funds go to your heirs/beneficiaries totally free of IHT
  • The assets are IHT free immediately
  • There is no 7 year qualification period
  • With all other IHT planning you have to give your assets away

Notes for IFAs

  • Brooklands Pensions offer QNUPS in both Guernsey and New Zealand
  • Our QNUPS are Non UK Pension Schemes that provide both IHT protection and gross growth
  • They are suitable for very high income UK residents and High Net Worth individual wherever they live in the world
  • Full marketing and technical data will be provided to you