Aurora Libertaï Retirement Benefits Trust/Contract

 

SAFE and SECURE

The schemes are Guernsey Revenue Service (“GRS”) approved retirement annuity schemes, open to Guernsey resident and non-resident individuals, and designed to provide a personal pension which is secure, flexible, portable and competitively priced from a fully regulated and licensed provider.

DESIGNED for IHT EXEMPTION

The schemes provide significant planning opportunities, with the added benefit of being designed to meet the UK prescribed criteria to be a Qualifying Non-UK Pension Scheme (“QNUPS”), meaning that the schemes should be exempted from UK Inheritance Tax (“IHT”) as they are considered to be “broadly similar to a UK registered pension scheme.”

DESIGNED for UK DOMICILES

The schemes have specific application for individuals resident in various jurisdictions but with a UK Domicile (Are you UK Domiciled? See guidance here) and are also an attractive retirement solution for mobile individuals and/or transient employees.

UK RESIDENT and DEPLETED LTA

UK residents that wish to add to their retirement plans and potentially as part of their estate planning can use an offshore retirement plan called a QNUPS when they have used up their UK Lifetime Allowance (“LTA”) for pensions.

TAX FREE in GUERNSEY

As a Guernsey approved personal pension, the schemes enjoy favourable tax treatment for non-residents, with gross roll up of income and capital and when taking benefit income is paid gross and without the deduction of any Guernsey tax.

TRUST or CONTRACT

Concept has developed the Aurora Libertaï Retirement Benefits Schemes, available to individuals under trust or contract, subject to their specific personal circumstances. If you would like to know which one suits you best please contact us.

GENERAL BENEFITS:

  • Cost effective
  • Highly portable
  • Designed for IHT exemption if you are UK Domiciled
  • Gross income for non-resident Guernsey individuals
  • Alternative pension for UK residents that depleted their UK LTA
  • Open architecture – wide investment choices or your choice
  • No formal minimum value imposed
  • Regular and ad hoc contributions accepted
  • Employer and employee contributions accepted
  • Benefits available from age 55
  • Pension Commencement Lump Sum (“PCLS”) of up to 30%

For further information on the Aurora Libertaï Retirement Benefits Trust and/or Aurora Libertaï Retirement Benefits Contract, including the applicable charges and any documentation required, please email info@cgl.gg.