Guernsey is a highly regulated financial centre with an excellent worldwide reputation.
Guernsey Financial Services Commission (GFSC) have worked closely with UK authorities (HMRC) regarding their views on acceptability of operating a Qualifying Recognised Overseas Pension Scheme (QROPS) following HMRC’s withdrawal of status for QROPS out of Singapore. As a result of this GFSC have changed and tightened their regulatory requirements to ensure compliance with HMRC wishes. Brooklands Guernsey was the first company to obtain approval for its QROPS following these regulatory changes.
Unlike locations like the Isle of Man, Guernsey does not have a withholding tax for non-resident clients so pension payments can be made gross to clients, making it an ideal location for international pension schemes.
Guernsey is part of the Channel Islands, is English speaking and has the pound as its currency.
Due to the above Brooklands Pensions decided that Guernsey should be our first location for international pensions.
The Brooklands Pensions bank accounts on Guernsey are established with Investec which has an excellent reputation for service whilst having the financial security of being part of KBC Group NV, one of Europe’s largest financial companies.
They pay interest at 1% below base on all amounts which is passed on in full. For deposits over £50,000, money market rates are available.
The Guernsey Trustee for the Brooklands Pensions is Marlborough Pension Trustees Ltd which is authorised and regulated by the Guernsey Financial Services Commission (GFSC) and is shown on the GFSC register as follows:
http://www.gfsc.gg/content.asp?pageID=170&menuOpen=4&submenuOpen=4.1#M
Guernsey is a highly regulated financial centre with an excellent worldwide reputation.
Guernsey Financial Services Commission (GFSC) have worked closely with UK authorities (HMRC) regarding their views on acceptability of operating a Qualifying Recognised Overseas Pension Scheme (QROPS) following HMRC’s withdrawal of status for QROPS out of Singapore. As a result of this GFSC have changed and tightened their regulatory requirements to ensure compliance with HMRC wishes. Brooklands Guernsey was the first company to obtain approval for its QROPS following these regulatory changes.
Unlike locations like the Isle of Man, Guernsey does not have a withholding tax for non-resident clients so pension payments can be made gross to clients, making it an ideal location for international pension schemes.
Guernsey is part of the Channel Islands, is English speaking and has the pound as its currency.
Due to the above Brooklands Pensions decided that Guernsey should be our first location for international pensions.
The Brooklands Pensions bank accounts on Guernsey are established with Investec which has an excellent reputation for service whilst having the financial security of being part of KBC Group NV, one of Europe’s largest financial companies.
They pay interest at 1% below base on all amounts which is passed on in full. For deposits over £50,000, money market rates are available.
The Guernsey Trustee for the Brooklands Pensions is Marlborough Pension Trustees Ltd which is authorised and regulated by the Guernsey Financial Services Commission (GFSC) and is shown on the GFSC register as follows:
http://www.gfsc.gg/content.asp?pageID=170&menuOpen=4&submenuOpen=4.1#M