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.

• 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.

• 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).