QNUPS Advice – A more flexible pension arrangement in terms of contributions, investments and reporting requirements?

Fiduciary Wealth Team

QNUPS (Qualifying Non UK Pension Scheme) was born out of legislation introduced by HMRC on the

15th of February 2010. It was specifically designed to receive non-pension assets including property, fine art and antiques as well as traditional investments be it cash or financial assets.

Did you know that with QNUPS unlike QROPS there are no reporting requirements to HMRC and there is greater investment flexibility?

Are you aware that QNUPS are not subject to lifetime allowance rules therefore no maximum contributions apply?

Have you been told that with QNUPS you are able to immediately shelter these assets of UK inheritance tax and local succession taxes? Although yet to be tested in the courts legal opinion suggests that even if you were to return to the UK these assets would still remain outside your UK inheritance tax net.

And are you aware that these are currently exempt of the EU Savings Directive and likely to remain so if used as a proper bona fide pension scheme?

If you have non pension assets you would like to shelter in a QNUPS to maximise tax efficiency give us a call. Find out how QNUPS Spain can work for you or your clients. Tel: +350 200 50982 or email