Retirement Trust Scheme

As an alternative to purchasing a traditional annuity you can retain ownership and control of your pension fund by transferring the full value of your pension fund to a Retirement Trust Scheme (RTS) where you will then have the option to:

  • Take up to 30% of your pension fund as a tax-free cash lump sum.
  • Draw an income directly from your pension fund, this is known as an Annuity Equivalent Income (AEI).

You can choose the amount and frequency of your AEI within maximum limits prescribed by the local Tax Authority as determined by reference to the UK Government Actuary's Department published tables.

The balance of your pension fund will remain invested in your RTS where it may continue to benefit from future growth after you have retired.

On death after your retirement, i.e. you have taken a tax-free cash lump sum and/or AEI, the balance of your pension fund can pass to either:

  •  your surviving spouse, net of income tax at half the standard rate.
  •  your Estate net of the standard rate of income tax.

Your surviving spouse also has the option to retain your RTS and continue to draw an income from the pension fund.

Your options at Retirement include:

Contact us

Rossborough Financial Services Limited



Phone: 01534 500662
Fax: 01534 732262

PO Box 332, 41 La Motte Street
St Helier, Jersey JE4 9YA


Phone: 01481 241534
Fax: 01481 241535

PO Box 127, Rossborough House
Bulwer Avenue, St Sampsons 
Guernsey GY1 3HG

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