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The Menhir Retirement Annuity Trust for Individuals

The Menhir Retirement Annuity Trust provides a simple solution for individuals seeking the flexibility of a RAT.

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The Menhir Retirement Annuity Trust for Individuals

The Menhir Retirement Annuity Trust (“RAT”) is a private pension scheme for Guernsey residents, allowing them to save for their retirement, and to amalgamate their pension savings, including those held in UK registered arrangements. It is locally-focussed, flexible, trouble-free, well-designed, and has a loan facility available. The Menhir Retirement Annuity Trust is managed by BWCI Pension Trustees Limited, part of the BWCI Group, one of the leading pension specialists in the Channel Islands.

Features of the Menhir Retirement Annuity Trust

  • No minimum investment
  • Flexible contributions – you can change monthly payments or add lump sums
  • Full transparency on costs and no hidden charges
  • A loan facility allows a Member to borrow from their RAT pension savings
  • There are no upfront commissions, no costly insurance wrappers and all contributions are fully invested
  • Risk-based strategies managed by experienced professionals provides comfort that experts are in control of your investments
  • All underlying investment managers are subject to rigorous review and are independent of the Trustee
  • Access to investments that are usually beyond normal reach due to high minima
  • 24/7 on-line access to individual valuations and links to investment fund fact sheets

Management of the underlying assets is key to the end value of the Member’s retirement pot. A key feature of this RAT is its aim  to work with the local investment community by using those with a Guernsey presence who are accountable and available to their investors. Each investment fund is actively managed by experts with sound long-term performance track records, strong investment processes and ample resources in terms of the team and financial backing.

What is a Retirement Annuity Trust (“RAT”) and How Does it Work

  • A RAT is a private pension scheme approved by the States of Guernsey Revenue Service
  • Pension drawdown may commence at any time between age 50 – 75
  • Tax relief is available on contributions in any year of up to the lower of £35,000 and 100% of taxable income subject to the withdrawal of personal and other tax allowances for high earners
  • You may draw from your accumulated ‘pot’ or purchase an annuity
  • If no annuity is purchased, the remaining value of your ‘pot’ is paid to your heirs rather than to an insurer on death
  • A 30% tax* free lump sum is available from the age of 50
  • There is no tax liability on death before drawdown
  • You can consolidate existing pensions (including UK schemes) into one RAT

* tax refers to Guernsey Revenue Service and is subject to a limit specified annually by the Revenue Service (2022 limit is £203,000).

Contact us for further details on the
Menhir Retirement Annuity Trust

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Our Approach

Product Simplicity

Too much choice and complexity confuses everybody.

We keep it simple
Expertise and Experience

We have a knowledgeable and enthusiastic team to support you and your employees.

We support you
Simple Communications

Product descriptions are in a language that everyone understands.

We make it clear
Web Access For All

We provide 24 hours a day secure access with up to date valuations and the ability to switch between investment funds.

We support you
Help For You

It is important that you are able to get on with your day-to-day life without distractions and do what you do best. We do all the administration in a simple and trouble-free manner.

We take the strain
Transparency of Charging

To help build trust in pensions we believe it is vital that charges are simple and transparent.

We tell you

BWCI Pension Trustees Limited
PO Box 68
Albert House
South Esplanade
St Peter Port

Tel: +44 (0) 1481 728432
Fax: +44 (0) 1481 724082



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