A Qualifying Non-UK Pension Scheme (QNUPS) is a retirement planning vehicle that offers flexibility and the potential for substantial growth enabling you to provide for both your future and that of your family.

What is the difference between QNUPS and QROPS? 

A QNUPS has investment flexibility and can even hold property and other physical assets within the pension.

The difference between whether a QROPS or a QNUPS is more relevant to an individual is based on their personal and financial circumstances, primarily regarding the country in which they are resident.

International Flexibility

It is important to note that QNUPS can be held in any country, even one that does not have a double taxation agreement with the UK. This means a larger choice of countries in which to host the QNUPS are available to you and may not be subject to reporting requirements to the HMRC.

QNUPS is also not subject to the LTA (Lifetime Allowance). There is no maximum age at which you can contribute towards a QNUPS and due to it being a pension, it can grow free from Capital Gains Tax.