The Inheritance Tax (Qualifying Non-UK Pension Schemes) Regulations 2010 (SI 2010/51) exempt qualifying non-UK schemes (QNUPS) from inheritance tax. The definition of QNUPS is similar to that of QROPS except that:

there is no requirement for a double taxation agreement to exist with the provider’s territory if it is outside the European Economic Area; and

there is no need for the scheme to make the declaration to HMRC required of a QROPS to keep HMRC informed of its status. So, the QNUPS closely resembles a registered overseas pensions scheme: all QROPS will qualify as QNUPS, but not all QNUPS will qualify as QROPS.

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