Pension Wrap
Pension Structure Option - Isle of Man
If you are a resident of the Isle of Man or an
international expatriate, you may wish to use this service to
support your self-managed pension. It gives you full control over
the composition and performance of your portfolio, and in the case
of Isle of Man residents offers the benefits of tax relief on the
contributions.
Other benefits would be as follows:
- Flexibility of contributions can be achieved
- Total control of the assets can be maintained
- Assets can be passed to whomever you wish, in the event of
death
- Probate can be avoided
- An effective means of asset protection
- Flexibility to determine retirement age
- May offer an alternative to the annuity purchase restrictions
of traditional pensions
- Your pension fund benefits from lower costs
- You can play an active role in determining the composition of
your pension portfolio
Fairbairn Private Bank, in conjunction with a local pension
specialist, qualified to give pension advice, can arrange this
structure for you. Please speak to our Private or Personal Banking
Team for further information.