- Who can join this scheme?
The Horizon QNUPS are open to anyone over 18 years (excluding Jersey residents; US & Canadian Nationals) and has no maximum age limit.
- What is the maximum or minimum contribution I can make?
There is no maximum limit on transfers/contributions into a QNUPS.
While there is technically no lower limit, the running costs of a QNUPS mean transfers/contributions of less than £100,000 are unlikely to be viable.
- How can benefits be taken?
While there is flexibility about how benefits are taken, the Trustees will look to ensure that benefits are drawn to ensure a supplementary pension is provided throughout a member’s life.
- At what age can benefits be taken from the Horizon QNUPS?
There can be considerable flexibility in terms of the timing in taking benefits from the plan. A member of a Horizon QNUPS may take benefits from age 55, with some benefits commencing by age 75 at the latest (or as the law as amended may allow).