Jersey Self Invested Pension Plan’s (JSIPP)
This structure effectively gives a much greater level of control over your pension fund, by establishing a company, a JSIPP can be established which can reduce income for tax purposes, currently premiums payable are deductible from a persons taxable income. Income received by the company is tax-free, the expenses incurred are transparent and known by the individual. There is the ability to transfer pensions from other providers into the pension fund. The pension is totally portable, in that it is not tied to any one provider.
Pegasus expert and qualified advisers can advise both individuals and companies on how to establish these ever more popular arrangements. People now realise they can have a much greater involvement in planning for retirement without the need to involve insurance companies. Pegasus advise on the whole process, from establishment to fund selection and ongoing monitoring.