The COPIA+ Guernsey Retirement Plan is designed to receive non-UK tax relieved contributions and savings from international investors looking to accumulate wealth in a wrapper protected against UK inheritance tax (IHT).
Kleinwort said the new scheme has been approved under Guernsey’s income tax law and will sit alongside its Qualifying Recognised Overseas Pension Scheme product, the COPIA Retirement Plan. The new plan will adopt the same fixed fee charging structure as its existing QROPS and will offer closed and open architecture investment options.
Kleinwort’s retirement plans and portfolio trust director, Mike Lightfoot, said: “QNUPS are fast becoming mainstream tax planning and asset accumulation vehicles within the international marketplace, and will be of considerable interest to any British national or British expatriate who wishes to accumulate wealth and pass funds on to their chosen beneficiaries in an IHT efficient manner.”
The company said the product is “ideal” for advisers with clients who are British expatriates or foreign nationals with UK IHT exposure, regardless of whether they have retired or not.
