Qualifying Non-UK Pension Schemes
QNUPS don't have to be registered with HMRC, unlike QROPS and SIPPs.
QNUPS are generally used by non-UK residents, however they are also used by UK residents who wish to hold more esoteric assets in their pension fund or those who have reached their lifetime allowance limit.
Depending on the pension legislation where the scheme is administered, benefits could be taken from as early as age 50. However, 55 is the earliest age if you are UK resident.
In some jurisdictions, a lump sum of up to 30% can be taken. However, in most jurisdictions the maximum amount is 25%.