Guernsey

Guernsey Pensions

Why Guernsey?

Guernsey is widely recognised as one of the world’s leading offshore financial services centres underpinned by the regulation of the Guernsey Financial Services Commission (GFSC). The jurisdiction is also internationally regarded as a centre of excellence for the provision of pension schemes.

The formation, management and administration of pension schemes are all regulated activities in Guernsey, ensuring that providers are adhering to the highest possible standards.

The island is home to many of the industry’s largest and well respected financial services institutions and it is on the OECD’s “white list” of countries committed to a fair and transparent tax system.

Sovereign is a regulated pension’s licensee and is able to provide formation, management and administration services for various types of Guernsey pension and saving arrangement for both individual and corporate and both resident and non-resident clients.

For Guernsey Resident Individuals:

Sovereign has developed a multi-member retirement annuity trust scheme for Bailiwick of Guernsey resident members, the Sovereign Retirement Annuity Trust Scheme, which has been approved by the States of Guernsey Income Tax Office and is listed by HMRC as a Qualifying Recognised Overseas Pension Scheme (QROPS).

The Sovereign Retirement Annuity Trust Scheme

Guernsey RATS at a glance

Investment Options Open architecture
Benefit commencement 50 – 75
Maximum Lump Sum 30%
Guernsey tax rate applicable to pension 20%
Death Benefits 100% lump sum or survivor’s pension
  • The Sovereign Retirement Annuity Trust Scheme – Flyer – Download
  • The Sovereign Retirement Annuity Trust Scheme – Additional Contributions Form – Download
  • HMRC APSS 263 – Download

Sovereign can also establish bespoke single member retirement annuity trust schemes for Guernsey residents should this be preferred, which will subsequently be approved by the States of Guernsey Income Tax Office.

Guernsey Qualifying Non UK Pension Schemes (“QNUPS”)

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.

Guernsey QNUPS at a glance

Investment Options Open architecture
Benefit commencement 55 – 75
Maximum Lump Sum 30%
Guernsey tax rate applicable to pension 20%
Death Benefits 100% lump sum or survivor’s pension
  • Brock Personal Pension Plan – Flyer – Download
  • Brock Personal Pension Plan – Application Form – Download
  • Brock Personal Pension Plan – Additional Contributions Form – Download

For Guernsey Resident Employers:

For Guernsey resident employers, Sovereign have a multi-employer occupational pension scheme which employers can elect to join. This is also approved by the States of Guernsey Income Tax Office.

Alternatively, Sovereign can establish bespoke occupational pension schemes should this be preferred, which will subsequently be approved by the States of Guernsey Income Tax Office.

For Non-Guernsey Resident Individuals:

Guernsey Qualifying Non UK Pension Schemes (“QNUPS”)

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.

Guernsey QNUPS at a glance

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.

  • Brock Personal Pension Plan – Flyer – Download
  • Brock Personal Pension Plan – Application Form – Download
  • Brock Personal Pension Plan – Additional Contributions Form – Download

International Retirement Plans

Sovereign has developed a multi-member retirement annuity trust scheme specifically for individual’s resident outside of the Bailiwick of Guernsey, the Conservo International Retirement Plan, which qualifies for an exemption from Guernsey income tax.

Conservo International Retirement Plan

  • Conservo International Retirement Plan – Information Sheet – Download
  • Conservo International Retirement Plan – FAQ for SA residents – Download
  • Conservo International Retirement Plan – Flyer – Download
  • Conservo International Retirement Plan – Flyer (South Africa) – Download
  • Conservo International Retirement Plan – Fee Schedule – Download
  • Conservo International Retirement Plan – Application Form – Download
  • Conservo International Retirement Plan – Additional Contributions Form – Download
  • Conservo International Retirement Plan – Key Features – Download

Sovereign can also establish a bespoke multi-member retirement annuity trust scheme, the Joint International Retirement Plan, for individuals resident outside of the Bailiwick of Guernsey, which would also qualify for an exemption from Guernsey income tax, should this be preferred.

  • Joint International Retirement Plan – Download

De-Listed (Former) QROPS

Sovereign continues to administer a large book of de-listed former QROPS in Guernsey which cannot accept any further authorised transfers from UK registered pension schemes, however existing members can remain as members without disadvantage

Investment Provider Application Forms

For Non-Guernsey Resident Employers

For non-Guernsey resident employers, Sovereign has a multi-employer occupational pension scheme which employers can elect to join, which qualifies for an exemption from Guernsey income tax.

Alternatively, Sovereign can establish bespoke occupational pension schemes, which would also qualify for an exemption from Guernsey income tax, should this be preferred.


Sovereign Trust (Channel Islands) Limited and Sovereign Trust (Guernsey) Limited are regulated by the Guernsey Financial Services Commission and licensed in respect of the formation, management and administration of pension schemes.


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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173