Aurora Islander RATS

By | | No Comments

Aurora Islander RATS

Aurora Islander is a market leading, whole of market, multi-member personal pension scheme that is secure, flexible and competitively priced.

It offers a low cost, tax efficient, open architecture solution for Guernsey and Jersey residents.

To encourage saving from a young age, Concept will not charge any set up or annual fees for certain entrants under the age of 25, until they reach their 25th birthday.

Different charging structures exist within Aurora Islander that ensures the scheme is both affordable from a young age and appealing to the more sophisticated investor wishing to have more input on the management of their pension assets.



In addition to its Aurora Islander scheme, Concept offers a number of other Retirement Annuity Trust Schemes, either under Trust (“RATS”) or Contract (“RACS”) arrangements, from cost effective multi-member schemes to more bespoke individual arrangements.

For further information on the Aurora Islander RATS, including the applicable charges and any documentation required, please contact a member of the Sales Team:


 Under 25’s Terms of Offer

Aurora QROPS (Delisted) Guernsey

By | | No Comments

Concept is currently unable to provide a listed Aurora QROPS solution based in Guernsey to allow individuals to transfer UK registered pension schemes, although transfers may be received from other pensions (to benefit from our flexible access schemes) including QROPS depending on the status of the scheme and member.

As a result of further legislative requirements introduced by HMRC to the Pension Schemes, (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) Regulations 2006, Concept took the measure of formally “delisting” its range of former Aurora QROPS.This action has been undertaken by Concept in order to ensure and safeguard the interests of the existing membership of the Aurora  QROPS.

The impact of “delisting” the Aurora QROPS is outlined below.

Impact for Existing Members

Existing Members of the Aurora QROPS were not disadvantaged as a result of Concept formally “delisting” the schemes. HMRC have provided written confirmation, (RPSM13104050), that the loss of Aurora QROPS status will not result in any unauthorised member payment charges of negative implications for an existing member.

The below section, taken from HMRC’s RPSM “Registered Pension Scheme Manual” supports this:

Loss of QROPS Status – (RPSM13104050)

“Existing members of such a pension scheme at the time of loss of status, are not prevented by the tax rules from continuing as members of the ongoing scheme. They may receive benefits that were due under the QROPS from the sums that had transferred in from the originating RPS when the scheme was a QROPS, in the same way as they would if QROPS status continued. The loss of status will not of itself incur member payment charges.”

The reputation for technical excellence and Aurora QROPS innovation continues as the experienced team of Aurora QROPS administrators continues to service the existing book of former QROPS business.

Should you require further guidance and support surrounding the impact and implications of the actions undertaken by Concept Group, or the revised HMRC legislative requirements introduced, please contact a member of our Sales team.

Aurora Libertaï QNUPS

By | | No Comments

Aurora Libertaï Retirement Benefits Trust/Contract



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.


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.”


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 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.


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.


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.


  • 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


We have placed cookies on your device to offer you a better browsing experience. If you proceed without changing your Cookie Settings, we’ll assume that's ok with you.