Annuity Plans: Taxation

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

• Annuity Plan policyholder funds pay no Guernsey Tax and no Guernsey Tax is deducted from benefit payments.
• Establish the tax implications for the policyholder in the country in which he/she is resident.
• Understand the tax implications for the policyholder when the benefits from the Plan are received.