MrBanks

Hi, this is aimed mainly at UK citizens, but all knowledge on the subject will be greatly appreciated. As many Brits. will be aware, if you are married to a lady who is not a UK citizen, if you die before her and you are leaving her your estate, apart from the £325,000 tax free allowance, the rest of the estate will be subject to 40% inheritance tax. Which is grossly unfair, because if she were a UK citizen there would be zero tax. There are (as far as I know) 3 ways around it: 1. She can become a UK citizen. in my case, that is not going to happen, we don’t want to go and live in the UK for the 5 years required. 2. I can become non-domicile, however, that is not a very good solution because HMRC will not give a final decision as to your domicile until after you die, obviously then it is too late to do anything, if they decide that you are still UK domicile. 3. Move your wealth into a QNUPS, in an offshore jurisdiction. It is number 3 that I come here seeking knowledge about: I am finding it very hard to find out any reviews, recommendations or comparisons of the various QNUPS providers, or the financial advisor company that suggested this to me. Do any of you have any “real” knowledge of QNUPS providers? Does anyone have any good or bad reviews about any particular QNUPS provider? The provider that has been recommended to me is Overseas Trust and Pension, Guernsey, but apart from finding that they are registered with the Guernsey equivalent of the FCA, I cannot find any independent reviews of them. The financial advisor is IIMG Ltd, again I cannot find much out about them, apart from the fact I have a friend, who unbeknown to me has dealt with them for several years. When I mentioned them he gave me a very good review. Any help, sharing of knowledge, based on fact, will be very helpful.

Thanks ukrules, good tip.

I got the 20 year one for 1 million. Really glad I did. To date it has been hassle free, no need to prove finances, no need to prove insurance, I do the 90 days on line, takes5 minutes. The next test will be the 5 year renewal. We get a monthly newsletter with any appropriate information that we would require regarding our visas. Regarding how long they have been going, 2003, sounds about right, back then there were different benefits, some better than the current ones. As I understand it the people who have the older versions have never lost any of those benefits, they are just not available on the new visas. In summary, for me, great value for money.