Trinity - QNUPS
The Trinity Pension Scheme is a scheme designed for those whose situation does not enable them to contribute to a pension in their home jurisdiction. This may be because they are an expatriate and a local scheme is not practical, or perhaps a UK resident who is affected either by the Lifetime Allowance (currently £1.03 million) or the Annual Allowance (currently £40,000).
When benefits are paid from Trinity, provided you are not Isle of Man resident, there will be no tax deducted at source however there may be tax due in your country of residence.
Trinity has been designed to meet HMRC’s definition of a Qualifying Non-UK Pension Scheme (QNUPS), meaning that on death the amount paid to beneficiaries should be free of UK IHT.
Trinity can accept lump sum or regular contributions and can utilise a wide range of investment vehicles.