Tax

Nordben cannot advise you regarding your tax status. However, in accordance with current legislation, Nordben is not required to and will not withhold any taxes from payments made to you.

As a general rule you can expect that any benefits paid in the form of a pension (retirement or disability) will be taxable as income in your country of residence at the time of payment. The taxation of lump sum payments i.e. your accrued retirement savings made available in cash, and the lump sum death benefits will depend on your specific situation, country of residence etc., at the time of payment.

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.

When you are ready to receive your benefits from the Plan, you should consult with your own tax advisor regarding your individual situation.