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Taxation of QNUPS funds on Inheritance

tosalet
Posted Thu, 20 Jul 2023 15:39:12 GMT by tosalet
Are the residual QNUPS funds inherited on death of holder subject to income tax by the beneficiary?
HMRC Admin 5 Response
Posted Thu, 27 Jul 2023 13:04:33 GMT by HMRC Admin 5 Response
Hi

No.  The funds from a QNUPS passed to a beneficiary, are not taxable, unless they are paid periodically, as a pension.

Thank you
tosalet
Posted Thu, 27 Jul 2023 17:47:47 GMT by tosalet
Thank you.

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