Guernsey: Carey Group Says Pensions Tax Relief Is Much Fairer
Last Updated: 29 October 2013

Today's announcement that married couples in Guernsey can each benefit from £50,000 annual tax relief on investments in to local Retirement Annuity Trust Scheme (RATS) was welcomed by Tim Bush, director of Carey Pensions and Benefits.

He said "This is great news for people saving for retirement and an opportunity for couples to boost their retirement savings in a tax efficient way. We often hear about the lack of retirement planning and the likely shortfall in income people will have against their expectations when they retire. We will all be working until we are much older because we won't be able to afford to retire. Guernsey's government is doing something positive to help here - it has long been an anomaly that the allowance was available to each of an unmarried couple but was spread across them once they were married."

There is also a benefit available to carry forward annual relief from one year to another for up to three years.

It is never too early to start saving for your retirement and Carey Pensions and Benefits offer a range of pensions from low cost multi-member schemes for all levels of earners, and stand-alone schemes for those with higher earnings or wishing a more diverse range of investments, such as buy to let properties.

As an incentive for younger people to save, Carey is offering a fee free service for up to 25 year olds.

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