Jubilee Personal Pension Plan Scheme

The Scheme is a Gibraltar tax approved personal pension plan scheme and as such is able to accept regular and single contributions from individuals with Gibraltar net relevant earnings.

Contributions to the scheme are eligible for tax relief, subject to the approval and rules provided by the Commissioner of Income Tax in Gibraltar.

The minimum monthly contribution is £100. There is no set minimum single or lump sum contribution amount for the Scheme.

There is no upper limit on contributions made by individuals with Gibraltar net relevant earnings, although contributions allowable for tax relief must be within limits set by the Commissioner of Income Tax in Gibraltar.

The scheme allows for contributions to be increased or decreased to adjust to changes in your personal circumstances, provided they are in line with the scheme rules on minimum contributions. The contributions can also be frozen for a period, subject to the approval of the trustees.

There are no penalties applied to the pension fund for adjusting or transferring your benefits, only the normal administrative charges will be applied.

The scheme provides investment flexibility, giving your financial adviser the ability to select a range of funds that are best suited to your objectives.

Access to retirement benefits from age 55. Unless otherwise agreed with the trustee, the commencement of income drawdown must be before age 75 or any other maximum age allowed by Gibraltar regulations.

Upon reaching age 55 you will be entitled to take benefits from the scheme, depending on the scheme rules.

Pension benefits can be paid from age 55 in the form of a lump sum payment; a regular income drawn directly from the fund or a combination of the above.

On death, the value of your pension fund will normally be paid as a lump sum to you in accordance with the beneficiaries outlined in your expression of wish.