If you have a UK pension as a result of previous employment in Britain, you may wish to export it from under the British…
Create Tax-Free Assets outside the UK – Unlock the Potential of Offshore Trusts
Do you have investment assets or cash in Britain that you wish you could save tax on? To be able to build up the value Gross without being subjected to continued annual Tax charges?
Perhaps from your time working in the UK you have a pension which you would much rather have under your control, away from the tax ravages of HMRC? Or maybe you just want to avoid Capital Gains Tax, Income Tax, high Stamp duties on Property purchases not to mention the dreaded Inheritance Tax …… well move everything Offshore.
If you have ever worked in Britain – irrespective of your Nationality – if you have assets, investments, cash in bank, new rules now give those living in the UK & abroad, the flexibility to export both assets & pensions outside the UK tax trap.
By moving your assets & pensions Offshore, you can benefit from the best of both worlds: the original tax breaks in creating them; whilst now no longer needing to pay high UK taxes on investment income or on your pensionable income when you drawdown your benefits. Or having to submit to UK restrictions on how you invest or spend your retirement fund.
Perhaps most importantly of all for both pensions & assets transferred, the complete, total exclusion of Inheritance Tax to whom ever you leave them to.
QNUPS & QROPS were introduced by the UK Government in the Finance Act 2008 & in law by the Inheritance Tax (QNUPS) Regulations 2010.