Qualifying Non-UK Pension Scheme

St Peter Port Harbour

Individuals who are looking to enhance their personal pensions outside the UK annual allowance and lifetime allowance limits can establish a Guernsey registered personal pension as a Qualified Non-UK Pension Scheme (“QNUPS”) also referred to as a ROPS (Registered Overseas Pension Scheme).  The personal pension plan is approved by the Guernsey Income Tax office.

BENEFITS

A Guernsey approved pension scheme has the following advantages:

  • No limit to contributions*
  • Outside UK annual and lifetime allowance limit
  • No requirement to purchase an annuity
  • Greater investment freedom
  • Contributions roll up income and capital gains tax free
  • Pension fund outside UK inheritance tax
  • Ability to grant loans to members
  • Governed by Guernsey law

* Contributions should be consistent with the level of wealth although individual circumstances will be taken into consideration

SERVICES PROVIDED

Jupiter provides an all encompassing service which includes but not limited to the following:

  • Establishment and administration of Trust
  • Quarterly valuations
  • Annual accounts
  • Appointment of investment advisor or manager (we do not provide investment advice)

We are able to engage any investment manager or financial adviser to look after the investments, subject to suitability.

Please see the PDF fact sheet for details of our fees for an individual QNUPS.
Jupiter Fact Sheet – QNUPS – click here to download