About Guernsey
For those looking for a safe and compliant home for their pension, Guernsey is the preferred jurisdiction. In 2008 The States of Guernsey Income Tax Office took the unique step of consulting with HMRC about Guernsey’s Pension regulations. The result of these consultations was that amendments were made to Guernsey’s Pension Rules to ensure that no abuse of the QROPS regime would occur.
The States of Guernsey Income Tax Office, in consultation with the industry bodies has been constantly monitoring the pension regimes with a view to Guernsey maintaining its world-leading QROPS status.
Guernsey is protected by the British Crown, but has been independent since the 13th century. The island offers political stability and constitutional independence from the UK, having its own legislature, judicial system and tax laws. Guernsey is one of the world's premier financial services centres because it offers:
- Strict regulation of financial service providers - see www.gfsc.gg
- Political stability.
- Fiscal independence.
- A favourable tax regime.
Guernsey's financial regulation and law enforcement standards were commended in a report published in November 2003 by the International Monetary Fund. The island was found by the IMF to have a high level of compliance for each of the international standards against which the Bailiwick was judged.
Guernsey appears on the G20 “White List”. see www.gfsc.gg for more information.
Liberty QROPS is HMRC approved.