Name: Baker Tilly
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A QNUPS or Qualifying Non-UK Pension Scheme is a type of private pension plan that provides a flexible and tax-efficient retirement solution that can supplement an individual’s existing pension arrangements while remaining separate and distinct from them.

One of the advantages of a QNUPS is that there are a wide range of investment options available, including cash, stocks and shares, pooled funds, and property (both residential and commercial). Another advantage is that there are no restrictions on who is eligible to establish a QNUPS, and there is no limit to the amount that can be invested.

When considering the establishment of a QNUPS, it is essential to choose the most appropriate jurisdiction for the scheme. The Isle of Man is an attractive choice due to its highly developed international finance industry, robust but flexible pensions regulations, and simple tax environment.

For those reviewing their retirement plans, a QNUPS may provide opportunities to supplement already existing company pension or personal pension plans, as well as provide effective estate planning options.

Baker Tilly Isle of Man Fiduciaries Limited is registered by the Isle of Man Financial Services Authority as a professional retirement benefits schemes administrator