QNUPS Qualifying Non UK Pensions use it or lose it

Fiduciary Wealth Team

Are you aware the UK Government is planning to introduce sweeping pension reforms? Did you know that UK resident individuals have been abusing HMRC rules by topping up their pensions via a QNUPS to circumvent lifetime allowance limits? Have you been informed that HMRC are looking to remove the inheritance tax (IHT) exemption on QNUPS contributions? Has your adviser told you that this might occur by April 2015?

Are you UK domiciled and liable to UK IHT? You are still in time to place some of your non pension assets inside a QNUPS to protect your estate from UK inheritance tax – use it or lose it! Act before April 2015.

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