About Guernsey
Guernsey is one of the Channel Islands, and while not being part of the United Kingdom, it is a part of the Bailiwick of Guernsey, a British Crown Dependency. Guernsey uses Pounds Sterling as its currency and is situated in the same time zone as Britain, but the state is not represented in the UK parliament.
Guernsey's global reputation as a modern finance centre is reflected in its unparalleled expertise and experience, security and stability, and high regulatory standards. Guernsey has its own tax system and a fair and competitive tax rule that meets the Organisation for Economic Co-operation and Development (OECD) standards of transparency and information exchange.
Guernsey has a favourable personal tax regime with no Capital Gains, Inheritance or Value-Added Taxes.
Advantages of Guernsey
as your Retirement Plan destination
Assets of certain non-UK pensions as well as those of QROPS & QNUPS sited in Guernsey fall within the appropriate definitions laid down by HMRC and fall outside of the UK IHT net. Besides that, contributions paid to approved Retirement Annuity Contracts, such as The Soteria Plan, are eligible for further features and benefits, such as:
No Income Tax on Pension Distributions for non-residents
No Capital Gains Tax
Longest standing Government in the world
Early Retirement Age - Draw Benefits from age 55
No Tax on Interest Deposits for non-residents
Common Law
Jurisdiction
Guernsey Double Taxation Agreements
Guernsey has Double Taxation Agreements with 14 countries and Partial Double Taxation Agreements with 12 countries. These DTA’s establish rules to avoid double taxation of income, including pension income and property between the said countries. For exact details, please refer to https://www.gov.gg/dta.
