Jupiter International Pension Scheme

St Peter Port at dusk

Individuals who have a UK pension and are either looking to leave the UK or are living overseas can transfer their UK pension to a Guernsey registered personal scheme approved by Her Majesty Revenue Customs (“HMRC”) as a Qualified Recognised Overseas Pension Scheme (“QROPS”). The personal pension scheme is also approved by the Guernsey Income Tax office.

BENEFITS

A Guernsey approved pension scheme has the following advantages:

  • No requirement to purchase an annuity
  • Pension outside UK inheritance tax
  • Receive a pension between the age of 55 and 75 with no need to have retired from employment
  • Named beneficiaries receive balance of fund upon death
  • Greater investment freedom*
  • Lump sum payment of up to 30%*
  • Take loans of up to 25%*
  • No Guernsey tax on benefits
  • Tax free pension payments (dependent upon the members country of residence)
  • Governed by Guernsey law

* Subject to certain conditions

SERVICES PROVIDED

The Jupiter International Pension Scheme is registered with HMRC as a QROPS and approved by the Guernsey Income Tax Office. Our services include:

  • The transfer of existing pension schemes
  • Quarterly valuations
  • Annual accounts
  • Appointment of investment advisor or manager (we do not provide investment advice)

We are able to engage any investment manager or financial adviser to look after the investments, subject to suitability.

Please see our PDF fact sheet for details of the fees for the Jupiter International Pension Scheme.
Jupiter Fact Sheet – Jupiter International Pension Scheme QROPS – click here to download