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QNUPS or Qualifying Non-UK Pension Schemes have recently been launched by the HMRC and provide individuals with a number of benefits most notably substantial tax savings. A QNUPS overseas pension can be taken by anyone who is a UK resident or any UK domiciled individual currently living outside the Britain. You may transfer just about everything with a QNUPS assets transfer.

QNUPS Benefits - Retirement Planning

For extra suggestions on QNUPS Information have a look atExpat Pension. The QNUPS advantages mentioned here are usually applicable. However, due to the technicalities involved in every individual case it is recommended that you check this with your financial consultant.

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� A QNUPS is exempt from UK IHT on the member�s death and any contributions made attract tax advantages
� There is no need to make any lifetime contributions to this scheme
� There is no maximum age limit for making contributions
� Invest assets into a jurisdiction with a friendlier tax climate
� Investments are not required to be made from earned income
� Growth is generally free from CGT (Capital Gains Tax) which means the capital growth of your assets can be passed on in full to your beneficiaries

QNUPS Transfer- Tax Advantages

The UK government launched QNUPS in February 2010, this allowed chosen offshore pension schemes to benefit from UK tax relief. A QNUPS is the answer for every UK expatriate as they will get not only the UK IHT advantages, but all the underlying income and subsequent capital gains will be exempt from UK tax.

A UK expatriate who remains UK-domiciled is subject to UK Inheritance Tax (IHT) on their international estate at a rate of 40 %. The main advantage of QNUPS is that they tax efficient and are also exempt from UK IHT.

QNUPS Can be Located in Many Countries

One of the other QNUPS benefits is that it is not necessary to be located in countries that have signed the Double Taxation Agreement with the UK. This is extremely advantageous as it has two relevant issues. Firstly, since it does not have to be located in a country with a DTA, there are no reporting conditions. This means that a QNUPS does not have to be reported to HMRC. Secondly, QNUPS can be hosted in many different countries and in doing so gives you greater choice on where to invest.

Investing in a QNUPS

Another one of the positives of a QNUPS is that the contributions are unrestricted and can be made from a variety of sources. It is not necessary to liquidate assets when investing in a QNUPS. Antiques, property and even fine vintage wines are accepted.

Having the advantages of being both tax efficient and flexible, a QNUPS is advisable for those wanting to transfer their UK pensions and assets overseas where they can grow and generate gains that will not be lost by way of hefty taxes.

For a much more described analysis on QNUPS pension transfer have a glance at the author bio.

We're a group of What is QNUPS? financial advisers and would love to share our information on QNUPS. If you are living in South Africa and have UK assets you need to examine the advantages of a QNUPS to mitigate IHT UK. We have compiled a lot of know-how on QNUPS Information that we�d like to share with you.

For other resources and advice on Overseas Pension, have a look at our web site on QNUPS Information.

By: Peggy Lee