Monthly Archives

October 2015

Flexible Access in Guernsey Pensions

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On the 29 September 2015 the Guernsey Government approved changes in pension regulations effectively paving the way for flexible access.

Members of Concept Guernsey delisted QROPS or QNUPS may be able to enjoy the same flexibility as the rules from the jurisdiction where the pension fund came from.  For UK tax relieved funds this means there is the potential to enjoy flexible access from your Guernsey plan.  Guernsey pension providers may or may not choose to offer access as they will need to make changes to ensure those members remaining do not suffer IHT exposures.  Concept offers full and partial flexible access and will release costs and terms on a client-specific request.