Trivial Pensions

If the value of your pension fund is relatively small you may be permitted to have your pension fund paid directly to you as a lump sum.

Jersey Members

You may elect to receive your pension fund as a lump sum on the grounds of triviality once you have attained age 60.

Your benefits in The Occupational Retirement Plan may be considered to be trivial if the total value of your pension fund together with any other pension benefits taken under triviality do not exceed £30,000.

Under the triviality option you may receive 30% of your pension fund tax free and the balance of the lump sum payment is subject to income tax at half the standard rate.

Guernsey Members

If the value of your pension fund is relatively small you may be permitted to have your pension fund paid directly to you as a lump sum on retirement or leaving service subject to the agreement of the Trustee.

Your benefits in The Occupational Retirement Plan may be considered to be trivial if the total value of your pension fund does not exceed £15,000;

or

If you are aged 50 or over and the aggregate value of all your pension funds (personal and occupational) including any previous trivial commutations, does not exceed £30,000.

Any lump sum payments made under the triviality option will be subject to income tax at:

  • the full standard rate if payment is made prior to attaining age 50.
  • half the standard rate if payment is made at age 50 or after.

Your options at Retirement include:

Contact us

Rossborough Financial Services Limited

Email: enquiries@rfsl.co.uk

Jersey

Phone: 01534 500662
Fax: 01534 732262

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

Guernsey

Phone: 01481 241534
Fax: 01481 241535

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

Meet the team

Meet the Rossborough Financial team and get in touch.
Meet the team page

Current Vacancies

Current Jersey Vacancies

There are no current vacancies

How to Complain

We are committed to providing you with a first class service but we recognise that there may be an occasion when you feel we may not have done this and wish to make a complaint*.

Please write to the appropriate undernoted company:

  • The Managing Director, Rossborough Financial Services Limited, PO Box 332, 41 La Motte Street, St Helier, Jersey JE4 9YA
  • The Managing Director, Rossborough Financial Services Limited , PO Box 127, Rossborough House, Bulwer Avenue St Sampson, Guernsey GY1 3HG
  • Or telephone:
  • Jersey (01534) 500662
  • Guernsey (01481) 241669
Or emailcguillaume@rfsl.co.uk or the person with whom you have been dealing and we will acknowledge your letter/email within 24 hours and provide a further response within 10 working days.

* Please note that you must utilise the Rossborough complaints procedure before you can approach the Ombudsman.

Financial Services Ombudsman

If your complaint is not resolved to your satisfaction you may be able to refer the matter to a Financial Services Ombudsman

  • Jersey - The Channel Island Financial Services Ombudsman service is available for consumers, microenterprises and certain Channel Island Charities. You can contact the Ombudsman office at PO Box 114, JE4 9QG, by email at complaints@ci-fo.org or through the website at www.ci-fo.org . Telephone 01534 748610.
  • Guernsey (including Alderney & Sark) - The Channel Island Financial Services Ombudsman service is available for consumers, microenterprises and certain Channel Island Charities. You can contact the Ombudsman office at PO Box 114, JE4 9QG, by email at complaints@ci-fo.org  or through the website at www.ci-fo.org . Telephone 01481 722218.

You can download this procedure in PDF form here.