Horizon-QNUPS-Key-features - K E Y F E AT U R E S H o r i z...

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HORIZON QNUPS QUALIFYING NON -UK PENSION SCHEME BACKGROUND The Horizon (QNUPS) is a term used for the non-Guernsey resident members of the Horizon (QNUPS) Qualifying Non-UK Pension Plan. The Horizon (QNUPS) is an approved Defined Contribution Retirement Benefit Plan established by way of an irrevocable Trust Deed and is approved under the provisions of subsection (4) of Section 157A of the Income Tax (Guernsey) Law 1975 as amended. In addition non-Guernsey residents may be afforded exemptions allowed under Section 40ee of the Income Tax (Guernsey) Law 1975 as amended. The aim of the scheme is to provide a highly flexible, tax efficient vehicle to act as a supplementary pension scheme for the purpose of providing an income at retirement. The plan is administered by Gower Pensions Management Limited (GPML), a Guernsey company fully regulated and licensed by the Guernsey Financial Services Commission in accordance with the regulation of Fiduciaries Law 2000. Guernsey, situated in the Bay of St Malo between the south coast of the United Kingdom (UK) and mainland Europe, is internationally recognised as a leading centre for financial services including international pension management and tax planning. It is a well regulated and politically stable environment with excellent communication links and infrastructure, including access to many of the world’s top legal and accounting practices with a local presence. WHAT ARE QNUPS Qualifying Non-UK Pension Schemes were introduced by HMRC through a statutory instrument which came into force on 15th February 2010. A QNUPS is a Retirement Trust or Pension
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Horizon-QNUPS-Key-features - K E Y F E AT U R E S H o r i z...

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