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Aurora Islander

Aurora Islander

Aurora Islander at a Glance

Aurora Islander Retirement Annuity Trust Scheme “the scheme” is an approved Retirement Annuity Trust Scheme (“RATS”) that is designed to provide a personal pension scheme which is secure, flexible and competitively priced.

The scheme is open to residents of the Bailiwick of Guernsey and Jersey.


The scheme is approved by the Guernsey Revenue Service under Section 157A of the Income Tax (Guernsey) Law, 1975.

Transfers & Contributions

The scheme is able to accept transfers from other Guernsey approved pension schemes.

The scheme also meets the necessary conditions, as outlined by HM Revenue & Customs (“HMRC”) to be regarded as a Qualifying Recognised Overseas Pension Scheme (“QROPS”), and as such, can receive authorised transfers from UK registered pension schemes.

Choice of Investment

The scheme has been designed to allow for a wide range of investment options.

In certain circumstances, where the applicant satisfies the requirements to be considered a Professional Member, the scheme allows the Member to direct their investments.

Guernsey Tax Treatment

Tax relief is available on Member contributions up to prescribed limits at the time of production. Tax relief is currently limited to relief on annual contributions of £35,000 or 100% of taxable income, whichever is lower, but this may be subject to change.

Contributions to all Guernsey approved pension schemes count towards this limit.

Contributions can be made above this level, but no tax relief will be granted on the excess.

Payments made from the Scheme to Guernsey resident Members will be paid following the deduction of income tax at source, excluding any pension commencement lump sum (“PCLS”) payment, up to prescribed limits.

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