Your Industry  

Guide to Qrops and Qnups



    Any client who is or may be planning to emigrate from the UK in the future should think about, or at least be advised about, these schemes. Moreover, they are pertinent for those clients who might leave the UK to work or retire, who have the rights to citizenship abroad or are married to someone from another country.

    But, counterbalancing that, not everyone who moves abroad or fits the above categories will best be suited to robotically transferring their UK pension to a Qrops/Qnups.

    If an adviser does not understand potential international tax consequences or the way to guide a client to the right advice, then they would perhaps best be served walking away or bringing in expert help.

    This detailed guide examines the difference between the Qrops and Qnups and how they differ from conventional UK pensions. It also covers which clients are suitable for a Qrops/Qnups, when, why and how you transfer a client into such a scheme, the pros and cons for clients and advisers themselves, plus regulatory concerns and how to mitigate clients from these risks.

    Supplementary material provided by Amin Malik, director of Delta Financial Management; and Geraint Davies, managing director of Montfort International.

    In this guide


    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. Is emigration necessary for a client to switch into a Qrops?

    2. A Qrops can protect a pension fund against unauthorised payment charges, which can be how high?

    3. When might a client transfer their fund from a Qrops to a Qnups

    4. What is the maximum lump sum allowable in a Qnups?

    5. Which jurisdiction(s) are no longer on the list of permitted Qrops?

    6. What can adviser do first to help their clients steer clear of HMRC charges?

    Nearly There…

    You have successfully answered all the questions correctly, well done!

    I completed this CPD in

    To bank your CPD please complete the form below.

    Were the stated learning objectives met?

    Why weren't they met?

    What did you learn from undertaking this CPD exercise?

    Why did you undertake this piece of learning?

    Any comments about this article or FTAdviser's CPD in general?


    Congratulations, you have successfully completed and banked this piece of CPD

    Already Banked!

    You have already banked for this article.

    To bank your CPD you must or


    One or more questions have been incorrectly answered,
 please review your answers and try again.

    Please complete all the above text fields to bank your CPD.

    More Your Industry CPDSee my completed CPDSee all CPD