Our Pension Solution Range

Our range of pensions solutions for Isle of Man Residents is comprehensive and complete.

Please select from the following solutions the one that best suits your needs:

• SIPPS (Self Invested Personal Pension Schemes)
  Designed for larger pension funds, our Self Invested Personal Pensions (SIPPs) represent the flagship of our pensions suite, offering access to the widest possible investment choice.
  
  Bespoke Individual SIPP – an individual trust-based scheme ideally suited for funds in excess of £200,000.
  
  Balley Chashtal SIPP – a master trust-based scheme available to anybody with a fund in excess of £100,000.
  
  
• Personal Pensions
  Because of the withdrawal of insurance companies from the local market, Boal & Co have created the Balley Chashtal Personal Pension solutions for Isle of Man residents who wish to save for a pension but don't yet have the capital needed to be eligible for a SIPP.
  
  Balley Chashtal No.1 Personal Pension Scheme – a master trust-based personal pension scheme allowing for investment in insurance contracts. Designed specifically for smaller funds.
  
  Balley Chashtal No.2 Personal Pension Scheme – a master trust-based personal pension scheme allowing for investment in bank or building society accounts. Designed specifically for smaller funds, or cautious investors.
  
  
• SSAS (Small Self-Administered Scheme)
  A SSAS is a company scheme where the members are usually all company directors or key members staff. A SSAS gives members / employers, greater flexibility and control over the scheme’s assets.
  
  Bespoke Individual SSAS - an employer sponsored occupational trust-based scheme ideally suited for funds in excess of £200,000.
  
  
• Drawdown
  If you have a personal pension which is about to mature, you no longer have to buy an annuity (assuming you can find one, that is). The measures in the Income Tax (Pensions) Bill 2008 enable you to drawdown from your fund to turn it into a pension at retirement.

  
  Balley Chashtal No.2 Personal Pension Scheme – Drawdown Option – a master trust-based personal pension scheme allowing for investment in high-interest deposit accounts. Designed specifically to provide income during retirement without buying an annuity.
  

• Transfer Schemes for UK Pensions
  If you are Isle of Man resident and still have UK pensions from previous employment, transferring them to an Isle of Man scheme could provide a number of benefits. Any of the above schemes can be used for this purpose.