QNUPS CASE STUDY

Please be aware that assets that cannot be liquidated to provide you with an income or physical assets that do not provide a regular income stream, will almost certainly invalidate your scheme for IHT purposes. They may be reluctant to contribute to restrictive local schemes or perhaps work in tax free countries such as the Middle East. If the member is non-Uk resident, tax may be payable in their jurisdiction of residency. To ensure this is acceptable we may require the approval of an actuary to calculate the permitted level of contributions. The benefits referred to in this summary may vary according to residency and domicile.

After receiving independent financial advice, Richard decides to open a QNUPS to provide him and Rebecca with additional provision for their retirement. Request introduction to an expert I’m looking for a trusted expert who can assist me with As such it is subject to stringent approval requirements as well as ongoing reporting and monitoring. You should always take independent tax advice, as your personal circumstances may mean the comments above do not apply to you. Our free introduction service will connect you with a hand-picked independent financial advisor that can assist you with pensions and retirement planning for expats.

qnups case study

Anyone is eligible to invest in a QNUPS unless the country where you are resident specifically excludes this.

Free, informal guidance on the options available to you.

qnups case study

A common problem for many expatriates that frequently move countries and stay living abroad for long periods of time is that they often neglect contributing to a pension plan. As a result you have the comfort of knowing you can pass on the entirety of your remaining pension savings when you die. Residential property, antiques and even fine vintage wines are accepted.

You should always take independent tax advice, as your personal circumstances may mean the above comments should be constructed as tax advice. The full capital growth of your assets will be passed on to your beneficiaries. A safe and secure investment The QNUPS scheme and its administrator are subject to a triple-layered regulatory system in the Isle of Man, a country renowned world-wide for its strength of regulation as well as political and financial stability.

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Our free introduction service will connect you with a hand-picked independent financial advisor that can assist you with pensions and retirement planning for expats.

QNUPS Case Study – Mr Jones – QNUPS News – QB Partners

You should always take independent tax advice, as your personal circumstances may mean caase comments above do not apply to you. This will allow investments qnup be managed within the following categories: Tim Shallcross, Head of Business Development at Castletown based fiduciary and pension group Optimus Limited is to present a key message on the benefits of its new Turkish International Pension Plan as well as why the Isle of Man is a jurisdiction of choice in Istanbul later this week.

Free initial consultation to discuss your situation and have your general questions answered. Experts for Expats has been featured in Experts for Expats uses cookies to provide you with a sstudy user experience, but we don’t track your personal data. In all my years of working with Optimus, they have always conducted themselves in a highly professional and timely manner whilst providing an excellent service to their clients Industry Professional, Director.

qnups case study

Benefit from a wide choice of investment possibilities in a truly open-architecture structure Within a QNUPS you can invest in a wide and diverse range of assets, far greater than permitted in a normal UK pension. The scheme must be used to provide an income upon retirement and have the same retirement age as of that which applies in the UK.

QNUPS Explained

Richard is concerned that despite already exceeding the LTA, his current pension fund is not enough to sustain the level of living that he, Rebecca and their family have become accustomed to.

What expats say about our experts. What is the position on death?

Contributions Another one of the benefits is the contributions is unlimited and can be made from a variety of sources. Although stjdy QNUPS stduy a pension fund it does have a degree of flexibility and has some significant tax advantages.

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The transfer to a QNUPS helps Richard and Rebecca cover a large part of their shortfall for retirement; furthermore through the QNUPS Richard can invest in property, which he feels more comfortable with then being too heavily invested in the stock market.

QNUPS – Optimus

Generally no IHT charges arise on transfer of assets by a member. For a free financial review of your retirement planning or wealth preservation needs, contact us today qunps speak to an expert.

The most important part of taking a QNUPS is that your assets including capital gains are passed on to your named beneficiaries without any tax cuts. What level of contribution is acceptable? Contributions to a QNUPS need not only be made from income earned but from assets acquired by you in any way.

Failure to do so, or take only a nominal income, may involve tax implications as described above. Malta is a prime example of such a jurisdiction Note July This summary is of a general nature only and is not intended to be relied upon as, nor to be a substitute for professional advice, or used in formulating any business decisions without first seeking such advice. Firstly, since it does not have to be located in country with a DTA, there needs to be no reporting requirements.

This is very advantageous as it has two significant issues. Last updated 29 April Transfers by a member to a QNUPS should not be caught by the Income Tax anti-avoidance provisions sttudy that the scheme operates as a true pension fund, and is not over-funded.