Pensions and Insurance
Combined with the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, the introduction of domestic and international pensions scheme rules in 2017 and a Channel Islands Financial Services Ombudsman in 2015, ensures that Guernsey is at the very leading edge of regulation and provides some of the most professional and secure pension provision in the world.
For Guernsey residents the use of employer provided or personal retirement annuity trust schemes, represents two of the very few options available. However, the use of international pensions provision and services from Guernsey may be invaluable and established in many different ways for non-residents - if you are thinking about working overseas but require the security of a pension there are very few places better positioned to provide that than Guernsey. Absolute Group Guernsey is able to arrange the establishment and registration of the pensions with UK HMRC, GITA, or other relevant tax authorities. We will administer the pension in accordance with the appropriate international standards and ensure portability of your pension, to wherever you may decide to work or retire.
Insurance may be used in concert or instead of a pension arrangement, for retirement and estate planning purposes. For example, the exchange of a portion or all of the pension for the purchase an annuity, or potentially for the purchase of life insurance.
The services and administration may include:
- Establishment of the pension or trust arrangement, for individuals or for employers
- Employee Benefit Trusts for share ownership schemes in listed or private companies
- Registration and ongoing reporting with relevant tax authorities, where required
- Investment holding and custody arrangements for third parties and insurance companies
Financial Services Specialists
Absolute Group Guernsey provide corporate services and assist with the formation, management, and administration of companies wherever they . . .Learn More
Absolute family office will establish and manage a bespoke arrangement that can handle and protect multi-jurisdictional assets and interests . . .Learn More
Trusts and Foundations
As a fully licensed Guernsey fiduciary, Absolute Trustees Ltd. is able to establish and provide professional services to trusts and foundations . . .Learn More