Offshore Immediate and Temporary Annuities

Filed under: offshore

Our annuity product providers can offer investors a choice of offshore annuities.Income from these annuities is paid gross as no deduction of tax is made.  Investors can opt for a temporary annuity whereby income is paid for a pre-determined number of years, or an immediate annuity whereby income is paid for life.

FEATURES AND BENEFITS

* Income is paid free of UK and Guernsey tax (however, Annuitants may be liable to income tax in their country of residence depending on their personal circumstances).

* Investors can choose between an Annuity paid for a specific term or for life.

* A guarantee period can be added to life annuities whereby the income is guaranteed for a specific period (maximum 10 years).

* As annuities are transacted through the offshore centre of Guernsey, annuitants benefit from favourable tax treatment.

* Annuitants can select between monthly, quarterly, half-yearly, and annual annuity payments.

OTHER KEY POINTS

* Available on a single life or joint life second death basis.

* Minimum investment £8,000.

* Age limits 18-74.

* Minimum term for temporary annuities 7 years, maximum term 15 years.

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