The Pensioneer Trustee Company (Guernsey) Limited


Guernsey: international personal pension schemes

March 31, 2016

International personal pension schemes in Guernsey – section 40(ee) of The Income Tax (Guernsey) Law, 1975

The requirements of section 40(ee) that must be met for a pension scheme to qualify for the above exemptions from Guernsey income tax are that:
• it must be established under irrevocable trusts;
• it must be administered in Guernsey; and
• the annuity or lump sum must be payable to:
- a person who was not when he joined the scheme (or at any time after, including a complete Guernsey tax year after leaving the scheme) resident in Guernsey or Jersey; or
- a spouse or dependant of, or an individual beneficiary under the Will of such a person, with the same (non)- residency requirements as above applying to the member and other payee (i.e. the spouse etc).

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The Pensioneer Trustee Company (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000.