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Announcing the Launch of a Guernsey QNUPS

Contributed by SIPP Specialists Limited
19 February, 2013

Contributed by SIPP Specialists Limited [www.sippspecialists.co.im]

We are pleased to announce the launch of a new Qualifying Non UK Pension Scheme (QNUPS). The scheme is:

Approved under Income Tax (Guernsey) Law 1975

Offering all of the following benefits:

  • 30% Pension Commencement Lump Sum(25% UK residents)
  • Pension Income paid gross to non Guernsey members
  • 0% tax charge on fund value at death and outside UK IHT
  • G20 white list member
  • Member loan facility available
  • In specie contributions allowed including residential property/unquoted shares*     
  • no upper limit on contributions or fund size
  • no upper limit on age for contributions
  • Flexible income withdrawal facility available
  • Not reportable to HMRC

In view of the recent changes announced affecting UK Lifetime and Annual Allowances, it may be that QNUPS becomes an option that Advisers may wish to research to enable clients to build up a meaningful supplementary pension pot in a shorter time frame.

QNUPS are for contributions only, and it is unlikely that tax relief will be available.

*At Trustee discretion – unlikely that a prime residence would be allowed

We offer a top quality service to clients and advisers, who can be confident that we will observe both the spirit and letter of any rules that govern QNUPS.

We are not a call centre, so you will be dealing with the same dedicated and experienced team of people at all times. 

We do not give financial or tax advice, and we do not take commissions or ‘turns’ on bank accounts either hidden or otherwise.


If you would like to know more please contact us at consultants@sippspecialists.com

SippSpecialists Limited
Oaklands Business Park, Hooton Road, South Wirral Cheshire, CH66 7NZ
T: 0151 328 0594     F: 0151 328 0707     e-mail:consultants@sippspecialists.com

SIPP Specialists Limited - Registered in England and Wales Registered No 4845017
Registered office: Montrose House, Clayhill Park Neston CH64 3RU

Sipp Specialists is not regulated to give advice.  The information provided in this communication is based on our understanding of the current legislation governing pensions.         


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