Skip to main content

All pensions are designed to provide benefits on retirement and Guernsey is a jurisdiction with a wide choice of legal framework options that can meet most needs. One options it to create a pension plan, be that for an individual or for a group that is not written as a trust but under contract.

But what are the advantages of a pension contract?

  • A pension contract is better understood in many civil jurisdictions* where a trust of any kind may be viewed with some suspicion and may not be understood.
  • A pension contract may not attract tax legislation or reporting requirements designed to combat trusts.
  • The benefits and administration of a pension contract feel the same as a pension trust.
  • The use of pension contracts can therefore become administratively efficient for arranging pension planning and potentially after death of the member in estate planning.
  • Guernsey provides a safe and well regulated jurisdiction to base financial arrangements.
  • Concept are pioneers in the use of contract personal pensions and their uses.

* Examples of civil law countries include; Austria, Belgium, China, France, Germany, Italy, Mauritius, Netherlands, Poland, Portugal,, Russia, Spain and Switzerland.


Concept or Concept Group means Concept Group Limited, Concept Trustees Limited and any other group or associated companies. Concept does not provide financial nor tax advice and nothing in this summary should be construed as such, nor shall they be held responsible for any liability or loss arising directly or indirectly from any reliance placed upon the content of this summary.

The information in this summary is based on our understanding of current laws and practices, both of which are subject to change. Whilst every effort has been made to ensure the information is correct, Concept cannot accept responsibility for its interpretation, or any future changes to law and practices in any relevant jurisdiction, some of which may have retrospective effect.