Category: Guernsey

Your asset protection specialist

What is a Retirement Annuity Contract (RAC)?

A Retirement Annuity Contract (RAC) is a type of defined contribution pension scheme, used as a method of saving money which will then be used to provide you with income in retirement. In return for your contribution or investment amount, you can take income in the form of regular payments from the contract or you…
Read more

What is the difference between Pension Trusts and Contract Pensions?

The short answer to “What is the difference between pension trusts and contract-based pensions” is that a Trust Pension is established by a settlor, and the assets within are set up in trust, whereas a Contract Pension involves an individual contract between an employee, or an individual and a pension provider. In both cases, the…
Read more

Pensions for non-residents in Guernsey explained

Guernsey has one of the most modern regulatory regimes that conform to international finance and pension standards. In 2001 and 2017, Guernsey became one of the first jurisdictions in the world to regulate pension providers and rules. These and other regulatory and taxation rules make Guernsey a jurisdiction that is a safe place to keep…
Read more

Client Data Privacy and Protection is important to us. Please Click Here for a copy of our Personal Information Collection Statement (PICS).

© 2024 Soteria Trusts |   Privacy Policy |   Disclaimer