WHAT IS A RETIREMENT ANNUITY CONTRACT?
The Soteria Aurora Pension Plan (SAPP) is a Defined Contribution Retirement Benefit Plan administered under Contract within a Protected Cell Company (PCC) and approved by the Guernsey Income Tax Authority under section 157A (2) of the Income Tax (Guernsey) Law 1975. Guernsey has Double Tax Agreements with 15 countries and partial Agreements with a further 9. This means that when income is taken from the pension members are taxed in one location only - Guernsey.
“When income is taken from the pension, members are taxed in one location only - Guernsey”
Benefits of the Soteria Aurora Pension, our Guernsey Retirement Plan.
- UK Tax-efficiency - Soteria Aurora Plan (Guernsey Retirement Plan) meets the requirements of the UK Tax Authority and, by doing so, becomes a Qualifying Non-UK Pension Plan (QNUPS). This classification means that the fund of any existing members as of 31st October 2024 will sit outside of their estate on death and will not be assessed for UK Inheritance Tax. The October 2024 budget announced a change to those rules, effective April 2027. Any unused retirement funds within UK registered pensions and QNUPS form part of the member's estate and will be assessed for IHT following their death.
- US Tax-efficiency - The Soteria Aurora Plan’s assets will grow without tax deducting until drawdown. Upon receipt of income, tax is applied to the growth part of the plan, and the base amount remains untaxed.
- Tax-free transferable funds upon death - In the event of the plan member’s death, the balance of the Soteria Aurora Plan up to the Nil Rate Band of £650,000 , if married, will be paid as per the nomination of beneficiaries or letter of wishes of the member.
- Ease of enrolment - The Soteria Aurora Plan can facilitate the transfer of existing assets from external providers and accept contributions from post-tax earnings or personal savings and capital.
- Early retirement age - As the Soteria Plan is held in Guernsey, members can start drawing their pensions from age 55. This means flexibility in accessing your investments early, should you require it.
- Diversify your retirement portfolio - It can be used as a primary retirement plan or parallel to help boost your existing arrangements. There are no limits or restrictions as to the size or frequency of your contributions. You can save regularly, make ad hoc payments, invest a single lump sum, effect a transfer of existing assets, or any combination of these contribution types. Third parties can also make contributions to your Guernsey Retirement Plan.
Download the Soteria Aurora Plan
(Guernsey Retirement Plan) Guide
Why should you choose Guernsey as your Retirement Plan destination?
Guernsey has a modern regulatory regime in place that conforms to international finance and pension standards. In 2001 and 2017, Guernsey became one of the first jurisdictions in the world to regulate pension providers and rules, which has created a culture of professionalism not found elsewhere, these and other regulations make the jurisdiction a safe place to keep their retirement funds.
Some Guernsey-approved pensions, such as the Soteria Aurora Pension Plan, are designed especially for globally mobile employees who may build up pension rights while working in some jurisdictions where Guernsey has double taxation agreements.
Operating SAPP within a PCC also brings tax and asset protection benefits to each member.
Client Data Privacy and Protection is important to us. Please Click Here for a copy of our Personal Information Collection Statement (PICS).
© 2025 Soteria Trusts | Privacy Policy | Disclaimer | Website by LIQUID