CIRAS Personal Pension Paving the way to a carefree retirement

Your retirement may still be many years away, but planning your retirement now and choosing the best private pension scheme will ultimately decide whether your retirement will be sunny or overcast.

The different private pension programmes and RATS (Retirement Annuity Trust Schemes) on offer can be confusing. Most RATS are fundamentally based on the same concept. However, what really matters is whether the scheme you choose can be adjusted to reflect your own financial circumstances and, more importantly, how the Trust Fund is invested.

Our investment experts have spent considerable time and research to produce a personal pension scheme that can be tailored to your particular financial situation and is structured to achieve your long-term retirement objectives:  

    CIRAS a totally flexible, multi-member Retirement Annuity Trust Scheme 

Developed specifically for Bailiwick of Guernsey residents, CIRAS offers no less than six risk-adjusted investment strategies which are constantly monitored and actively managed by professional investment managers. 

The advantages of joining a multi-member RATS are numerous. Less complex than a private RAT scheme, the CIRAS multi-member scheme dramatically reduces the costs of running a Trust, while retaining the services of a professional trustee and benefiting from pooled investment management.

With a minimum investment of just £100/month any Bailiwick person aged between 18 and 74 years can join CIRAS and may draw a pension between the 50^th and 75^th birthday, but there are no requirements to purchase an annuity.

CIRAS is approved by the States of Guernsey Income Tax Authority and governed under the Guernsey Law.

Below are just some of the main benefits of joining the CIRAS  multi-member RAT Scheme:

Planning your retirement: 

YOUR CHOICE:  flexibility of single contributions and/or regular contributions

All contributions to CIRAS are tax-allowable*

You will be able to transfer any existing pension schemes to CIRAS, according to our professional advice and recommendations.  

CIRAS has an ‘intelligent’ illustration system which can demonstrate what is needed to produce a certain level of income at retirement, and how increasing or decreasing the amount of contributions you make today will effect your final retirement. 

CIRAS allows you to switch quickly between funds – in response to market conditions -  without incurring switch fees or penalties

Our investment managers are always available to offer you professional advice and guidance.

Carefree Retirement:

YOUR CHOICE:  you may take part of your fund as a tax-free cash sum*, plus a smaller regular taxable income, or receive a regular taxable income based on the undiluted value of your pension fund 

A tax-free lump sum of up to 25%* of the fund is available upon retirement.   

CIRAS  provides a lump sum or regular income to your dependants on death

*=subject to Income Tax limitations and restrictions

Right Click HERE and Save the CIRAS Key Features document

Right Click HERE and Save for the CIRAS Investment Guide

Right Click HERE and Save for the CIRAS Application Form

Right Click HERE and Save for the CIRAS Letter of Wishes