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Qualifying Retirement Overseas Pension Schemes

Nerine has launched two pension schemes specifically designed to offer a flexible and cost effective solution for individuals with accrued pension benefits who are leaving or have already left the United Kingdom and alternative approaches to investing pension fund assets

Alta International Overseas Pension Plan has been designed to allow the pensioner to choose an investment manager best suited to the investment style selected and the freedom to pursue his chosen investment strategy across a wide range of asset classes.

Alta Select Overseas Pension Plan allows the pensioner to select from a range of pre approved investment strategies under which funds will be invested using investment managers appropriate for each strategy. Once selected these managers will be monitored on an ongoing basis to ensure they achieve optimal investment performance.

Being Guernsey based schemes there is no requirement for the fund to purchase an annuity when the pensioner reaches 75, which gives much greater flexibility over the eventual distribution of pension assets. Also, basing the pension scheme in Guernsey potentially removes the assets form the risk of UK Inheritance Taxes.

Both Alta Overseas and Alta Select benefit from the administrative skills and trust expertise of Nerine Trust Company Limited allied to a fully transparent cost structure with no hidden charges.

For further information on Alta Overseas and Alta Select please click here

UK Government: Guernsey sets the example for others to follow

The OECD recently listed Guernsey as a jurisdiction that had substantially implemented the internationally agreed standard and it has now welcomed the further progress in signing TIEAs, saying that this strengthened Guernsey’s reputation as a jurisdiction committed to good governance in tax matters.

Stephen Timms, the UK Government’s Financial Secretary to the Treasury, said: “I warmly welcome Guernsey’s continuing progress in concluding Tax Information Exchange Agreements. Guernsey’s firm commitment to transparency and exchange of information in tax matters is very encouraging and I call on others to follow their example.”

Mr. Timms added that the UK Government recognises that Guernsey is committed to international standards of anti-money laundering legislation and practice, counter terrorist financing legislation and financial regulation, and that the Island participates in international efforts to combat financial crimes.