Captains Superyacht International RAC
This is a contribution based retirement benefit plan written under contract which is approved by the Guernsey Revenue Service under section 157A (2) (personal pensions) of the Income Tax (Guernsey) Law, 1975 which is established between the Provider/administrator, The Pensioneer Trustee Company (Guernsey) Limited (Pensioneer) and the policy holder by way of a retirement benefits contract.
The Plan will be established by Pensioneer and is licensed and regulated by the Guernsey Financial Services Commission to undertake fiduciary business including provision of administration services to pensions.
Key features of the plan
- Contract based retirement Plan
- No limit on contributions
- Employer, employee and ad hoc contributions may be made
- Flexibility in currencies received/paid (GBP, EUR, USD, AUD plus others on request)
- Assets held within the plan grow tax free
- Multi-currency investment options in all major currencies
- Direct access to professional investment management and holistic retirement planning services (on request)
- Portable pension plan should you move vessels, country of residence/work onshore
- Suitable for expatriates and foreign Captains
- Plan proceeds paid out gross from Guernsey
- Greater ownership and control over accumulated funds
- Provision of residual accumulated funds to your dependents on your death
- 30% Pension Commencement Lump Sum available at retirement
- No requirement to purchase an annuity
- Legal retirement age in the members country of residence but not before 55
- Suitable for Civil Law Jurisdictions
- Assets are ring fenced within the Plan for each Captain
- Option to include French reversionary pension aspects (if required)
- Suitable for US Citizens and green card holders
