Most people know that private pensions are highly tax-efficient and are a useful way to save for retirement. Notwithstanding that, the inheritance tax advantages are as much, if not more attractive, given that your pension fund falls outside your estate for IHT purposes. That means pensions can be a great way to pass money on…
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The QNUPS legislation, also called “The Inheritance Tax (Qualifying Non-UK Pension Schemes) Regulations 2010”, is a set of rules that must be met and followed by Non-UK pensions schemes to put each members pension fund beyond the reach of UK inheritance tax (IHT). The schemes often operate from highly regulated and tax-efficient overseas jurisdictions where…
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