| QNUPS offers specialist tax planning opportunities for UK expats who already have a QROPS, the returning expat and High Net Worth UK residents.
QNUPS enable the returning expat to arrange a transfer from a QROPS (so long as the five year non UK residency rules have been satisfied). Additionally, both expats and High Net Worth UK residents who have already paid the maximum tax relievable contributions into a UK pension fund, may make further contributions (cash or assets) into a QNUPS.
If structured correctly, there are few if any investment restrictions on what type of assets may be held within a QNUPS. It is therefore possible to hold residential property within a QNUPS.
This is a highly specialised and complex area subject to change. Although QNUPS are specifically excluded from UK Inheritance Taxation care must be taken to ensure that a transfer into a QNUPS is not seen to have the sole purpose of avoiding tax.
We would be pleased to offer impartial advice with a full explanation of the potential benefits and a structure appropriate to your needs.
For further information on QNUPS please contact us or see: www.qnups.com |
