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Before taking a closer look at QROPS for estate planning, it is important to have a clear understanding of the different estate taxes involved. For many, there is a good deal of confusion when dealing with pensions and inheritance. Inheritance tax and Lump Sum Death Benefit tax are not the same, although they share similarities. […]
There is often confusion regarding Qualifying Non UK Pension Schemes (QNUPS) and Qualifying Recognised Overseas Pension Schemes (QROPS). QNUPS and QROPS are similar schemes and are very closely related. It is important to understand the differences to avoid additional confusion in the already complicated process of pension planning. While a QROPS can accept UK pension […]