Money Grows On Oil Palm Trees

The QNUPS stands for Qualified Non UK Pension Schemes. It came into existence once the UK government launched it on 15th February, last year. It is an offshore retirement plan that allows you to avoid the Inheritance Tax (IHT) effectively so can can share your hard-earned assets to some heirs your ‘ills’ of taxation. IHT has for ages been considered regarding a sore to the uk citizens. Expats who wish to return to the UK in future will realize useful.

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You get the relief from taxes once you die in the former case; in case with QROPS, you should be a non-resident for your whole period of five-tax-years.