New UK legislation has created a new type of trust known as Qualifying Non-UK Pension Schemes (QNUPS), which provide new tax planning opportunities for British Expatriates.
QNUPS allow retired expatriates to continue to put money into a pension scheme -
Firstly, there is no maximum age at which you can invest in a QNUPS.
Secondly, you do not need to have any earned income from an employment in order to make a contribution.
Thirdly, there is no maximum contribution that can be made into a QNUPS.
As a pension scheme, a QNUPS is very tax efficient in most countries as it can avoid both local wealth taxes during your lifetime and succession taxes on your death.
A QNUPS avoids local succession law, so that you are free to choose exactly who inherits your money and in what shares.
A QNUPS will also escape UK inheritance tax even if you are a UK domicile.