Aurora Libertaï Retirement Benefits Trust

Aurora Libertaï Retirement Benefits Contract

Concept has developed the Aurora Libertaï Retirement Benefits Schemes, available to individuals under trust or contract, subject to their specific personal circumstances.

The schemes are Guernsey Income Tax Office (“GITO”) 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.

As a Guernsey approved personal pension, the schemes enjoy favourable tax treatment for non-residents, with income paid gross and without the deduction of any Guernsey tax.

The schemes provide significant planning opportunities, with the added benefit of meeting 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.”

The schemes have specific application for individuals resident in various jurisdictions and are also an attractive retirement solution for mobile individuals and/or transient employees.

General Benefits:

  • Cost effective
  • Highly portable
  • Gross income for non-resident individuals
  • Open architecture
  • 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 contact a member of the Sales Team.