Sovereign has developed a multi-member QNUPS, the Brock Personal Pension Plan, which is approved by the States of Guernsey Income Tax Office and also satisfies the necessary conditions to be regarded as a QNUPS for UK purposes.
|Investment Options|| Open architecture|
|Benefit commencement|| 55 – 75|
|Maximum Lump Sum|| 30%|
|Guernsey tax rate applicable to pension*|| 0%|
|Death Benefits|| 100% lump sum or survivor’s pension|
*For non-Guernsey residents. The benefits may create a tax liability in the member’s country of residence.