The Pensioneer Trustee Company (Guernsey) Limited

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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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Regulatory Information

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 and subject to The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No.2) 2017.