Looking for a home for your pension?

Thu 03 November 2016

Are you looking to set up a Guernsey Retirement Annuity Trust (“RATs”)? Or are you and friends/colleagues presently Trustee of your own RATs and want to get it looked after professionally? Or have you been informed by your current professional trustee that it no longer wants your business? Read on to find out more...

Are you looking to set up a Guernsey Retirement Annuity Trust (“RATs”)?  Or are you and friends/colleagues presently Trustee of your own RATs and want to get it looked after professionally?  Or have you been informed by your current professional trustee that it no longer wants your business? 

Whatever the reason, finding the right professional trustee is one of the most important decisions you will make for your RATs.  Your trustee should be independent, experienced and expert in dealing with all areas of these pension schemes, including income tax, access to a wide range of investment managers and day to day administration.

Collenette Jones, through its trust arm Crossways Trustees Limited, has been looking after RATs for almost twenty years and has no plans to divest itself of this core business.  We now act as trustee and administer of approximately 200 bespoke schemes and have recently launched our own multi-member scheme, The Granite RATs.

 

So why consider Collenette Jones? 

Tax planning

As well as savings schemes, RATs are also tax planning vehicles. As a firm of Chartered Accountants, we are well versed in all of the income tax rules, regulations and practices surrounding pension benefits and contributions.  We will consider your personal tax situation (at your request) and advise you accordingly.

Well established

We’ve been around for a long time: established in 1976, independently owned and managed, our careful succession planning provides assurance to our clients that we will be around for the long term.

Independent

We are independent and transparent. We work with a number of investment managers and IFA’s and accept no commissions (other than for our multi-member scheme).   Our fees are transparent and, whilst we may not be the cheapest in the market, we charge an appropriate fee for the work required to properly look after our RATs.  In our experience, some Guernsey providers are divesting themselves of their RATs portfolios because they can no longer afford to do the job for the fees that they charge. 

Continuity

Are you fed up of not having any contact with your trustee from one year to the next and not knowing who to contact? We can offer great staff continuity so you will always know who you are dealing with.  Over the years, our staff have built up very close relationships with their RATs clients to match their long term aspirations and needs.  We are available at all times and strongly encourage meetings with our clients at least once a year. 

As a result of all of the above, we benefit from a very high level of client retention.  Choosing Collenette Jones could be one of the most important decision you make concerning your pension.  If you are interested in our services, please contact Paulina Batiste or Louise Mahieux from our Trust team or speak to any one of our directors.

 

Jon Collenette, FCA, FCCA

Director

3 November 2016


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