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Author: John Batty

Explaining Pension Freedom Schemes (PFS)


By John Batty, Technical Sales Manager Pension Freedom Schemes (PFS) legislation was introduced in the Isle of Man on 6th April 2018 to offer improved flexibility when taking Isle of Man pension benefits. Yet many personal and company pension plans have not yet taken advantage of the new regime. Let’s remind ourselves of the key differences:  ...

QNUPS - 7 Years On


Since HMRC introduced “Qualifying Non-UK Pension Scheme” (QNUPS) into the pensions lexicon in 2010, there has been much interest but little uptake of these as stand-alone pension products. Initially many saw these as IHT planning vehicles, however the primary purpose of a QNUPS must always be to provide retirement benefits. The limitations on how these benefits can be taken from most QNUPS...