Since 2008, Jersey residents have been able to establish a Retirement Trust Scheme (RTS), as a personal pension arrangement, in order to tax-efficiently provision for their retirement.
Like any approved personal pension arrangement in Jersey, contributions to a RTS enjoy 100% tax relief in the year in which the contribution is made, subject to certain limits. In addition, individuals may use their RTS to consolidate pension funds they may have accumulated from prior employers or other personal pension schemes. The funds held by the RTS can then be invested, with advice, in line with the individual’s aims and objectives.
At any time after the age of 50, the individual may then access the accumulated funds for the purposes of providing them with a pension income. In addition, up to 30% of the entire accumulated fund may be taken as a tax-free lump sum immediately, or as a series of tax-free lump sums over a period of time.
Fairway Pension Trustees Limited offers a Retirement Trust Scheme, called the Fairway Jersey Personal Pension Scheme (FJPPS), which was established in 2008 and has received approval by the Comptroller of Taxes.
For further information about the FJPPS, please contact us via firstname.lastname@example.org or download our
Key Features DocumenT PDF
FJPPS Terms and Conditions PDF
FJPPS 2017 Fee Tariff PDF