Tax free transfer subject to a lifetime allowance cap of £1.65m in 2009/10 and £1.8M in 2010/11.

Tax free growth for non-Guernsey residents.

Freedom of investment choice. A wide range of investment opportunities are available within a QROPS.

Currency choice. QROPS can be established in Sterling or Euros thereby removing the currency issue from your pension at the point of transfer.

No need to purchase an annuity. Therefore, unlike an annuity the remaining scheme assets can be bequeathed to the surviving spouse on death.

Estate planning simplification as remaining scheme assets can be passed on to heirs without the need for probate.

It is Inheritance Tax (IHT) free as once transferred into a QROPS it escapes the UK inheritance tax net provided that you remain non-UK domiciled.

Possibility to consolidate various pensions into one pot.

Loan facility available of up to 25% of trust assets on commercial terms.

No tax deducted on withdrawals from the Guernsey based pension scheme (as the QROPS falls outside of the UK tax net), however applicants should note that tax may be payable on the receipts of benefits in their country of residence and should take appropriate tax advice.

Normal Retirement Age (NRA) for scheme members who join before 5th April 2010 is 50 years and 55 years for those joining after this date.