How does a QNUPS differ from a QROPS?
A. QROPS is actually a type of QNUPS and can be an effective way of transferring your frozen UK pension overseas, but there are two key differences. Firstly, a QNUPS is immediately exempt from all UK taxes on death, while QROPS only become exempt after a non residency period of 5 years. Secondly, transfers into QNUPS must be from non pension assets or investment incomes, while QROPS just provide you with an income accumulated before retirement.
