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Announcing the Launch of an Isle of Man QNUPS

Contributed by SIPP Specialists Limited
06 March, 2013

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

QROPS Choice is pleased to announce the launch of their new Qualifying Non UK Pension Scheme (QNUPS). The scheme is:

Approved under Income Tax Act 1970

Offering all of the following benefits:

  • 30% Pension Commencement Lump Sum(25% UK residents)
  • Pension Income paid gross to non IOM members
  • 0% tax charge on fund value at death and outside UK IHT
  • G20 white list member
  • In specie contributions allowed including residential property/unquoted shares*
  • No upper limit on contributions or fund size
  • No upper limit on age for contributions
  • Early retirement option available for sportspeople
  • 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.co.im

Or visit www.sippspecialists.co.im

  • Please let us know if you would like a copy of our QROPS / QNUPS Guide

Mark Knight, DipFS

Tel : 0151 328 0594

SIPP Specialists Limited, St Georges Chambers, 1 Athol Street, Douglas, Isle of Man, IM1 1LD

Tel: 0044 (0)1624 678458

SIPP Specialists Ltd is registered with the Isle of Man Insurance and Pensions Authority as a Professional Benefits Schemes Administrator


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