Annuity Plan: Taxation

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

• The Annuity Plan policyholders' funds pay no Guernsey Tax and no Guernsey Tax is deducted from benefit payments.
• Check with tax advisors / department to determine whether or not the premium is deductible 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.
• 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.