Offshore pension structure
Offshore pension structure option - available to Isle of Man or
Jersey residents or international expatriates
If you are resident in the Isle of Man,
Jersey, or an international expatriate, you may wish to hold
your self-managed or discretionary managed investments within an
approved pension structure. In the case of Isle of Man and Jersey
residents such a structure offers the benefits of tax relief on the
contributions. International expatriates may not qualify for Isle
of Man or Jersey tax relief, but they are able to share in many of
the other benefits that include:
- flexibility of contributions
- total transparency of assets
- succession planning where assets can be passed onto whomever
you wish in the event of death (spouse only for Jersey
residents)
- avoidance of the need for probate
- an effective means of asset protection
- flexibility to determine your retirement age
- a possible alternative to the annuity purchase restrictions of
traditional pensions
- lower costs for your pension fund
- being able to play an active role in determining the
composition of your pension portfolio.
Should you wish to discuss any of the above services in greater
detail, please contact our client services team on +44 (0) 1624
645000.