About Retirement Planning
Retirement Planning Products
For individuals looking at offshore retirement solutions outside their country of residence, Sovereign has developed a retirement product called the Conservo International Retirement Plan.
The Conservo is a Guernsey-based multi-member Guernsey-based Retirement Annuity Trust Scheme (RATS), which is open only to non-Guernsey residents and is designed with four entry levels that are tiered to suit a variety of retirement planning budgets.
The primary benefit of contributions made into a RATS, whether they originate from an existing pension or from new contributions, is that retirement benefits can be paid to non-resident members without triggering income tax in Guernsey, because they are not liable to Income Tax in Guernsey.
International pensions plan (IPP)
Portable international pensions plans (IPPs) can be set up on an individual or group basis. These trust-based retirement solutions are ideal for internationally mobile employees and also permit investment into more exotic assets alongside conventional investment funds.
Companies can also take advantage of the flexibility of IPPs to top up existing retirement savings, particularly for senior employees or for expatriates working in locations where retirement plans are mandatory, and benefits may be lower than any home-country plan.