Corporate Pension Schemes

Guernsey Airport

A Corporate Multi-Member Retirement Annuity Trust Scheme (commonly known as a “Multi-Member RATS”) is an excellent alternative for Guernsey employers to the traditional insurance company based pension plan and a viable alternative now that there is a lack of insurance company providers. Jupiter offers a bespoke pensions administration service which can be tailored for each corporate client.


A Guernsey approved Multi-Member RATS has the following advantages:

  • Receive a pension between the age of 50* and 75 with no need to have retired from employment
  • Flexible lump sum payment of up to 30% (tax free up to a set limit)
  • Unlimited contributions from employees
  • Tax relief for an employers ordinary contributions made on behalf of employees
  • Tax relief of up to £35,000 per annum on contributions made by employees, available against any income
  • Individual funds for each employee with tailored investment strategies
  • Take loans of up to 30%
  • Named beneficiaries receive balance of fund upon death
  • Consolidation of any existing pension arrangements into one scheme
  • Receive transfers from UK pensions without any UK tax deductions

*55 if the RATS is approved as a Qualifying Recognised Overseas Pension Scheme (“QROPS”).


Jupiter provides the following services:

  • Establishment of the Multi-Member RATS and act as an independent trustee and administrator
  • Obtain Guernsey Income Tax approval
  • Arrange for the transfer of any existing pension schemes
  • If required, obtain QROPS approval from HMRC to allow transfers of funds from any UK pension scheme
  • Regular valuations for employees and online access (dependent on choice of platform)
  • Annual accounts for the employer
  • Appointment of investment advisor or manager (we do not provide investment advice)

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