Group Triple C Plan: Taxation

We would strongly advise that tax advice is taken before proceeding. However, the following may prove helpful.

• Typically, the need for the Plan for special group of employees outweighs the tax issue.
• Check with tax advisors / department to determine whether or not the premium is deductable as a business expense.
• Establish the tax implications for the employment in the country in which employee is resident.
• Understand the tax implications for the employee when the benefits from the Plan are received.
• The Triple C Plan Policyholders' funds pay no Guernsey Tax and on Guernsey Tax is deducted from benefit payments. 
• Guernsey has established agreements with a number of countries for the avoidance of double taxation on individuals. To view details of the agreements and the countries to which these apply click here to be directed to the States of Guernsey web pages.