| Am I eligible for Synergy? SYNERGY is an overseas pension scheme designed for individuals who currently have UK pension arrangements but are no longer UK-resident for tax purposes. If you are UK-resident and remain so, you are ineligible for SYNERGY. This is because you will still be subject to UK tax rules and so will be unable to benefit from the key features described in this brochure. SYNERGY is only available to individual persons who are currently UK non-resident for tax purposes and who have been, or will be, UK non-resident for a continuous period of at least 5 complete tax years. The minimum investment into SYNERGY (by transfer value from existing UK pension schemes) is £100,000. Service
Assurance
If at any time you believe that the service of either the Trustee or Scheme Administrator could be improved, or if you are dissatisfied with any aspect of their services, you should ask for a copy of the firm’s Complaints Procedure which explains how they deal with any issues, or alternatively write to the managing director of the relevant firm at the following address: Trustee
Scheme Administrator
In this way, the Trustee and the Scheme Administrator are able to ensure that any concerns are dealt with carefully and promptly. The Trustee and the Scheme Administrator are regulated by the Guernsey Financial Services Commission www.gfsc.gg and the Isle of Man Insurance and Pensions Authority www.gov.im/ipa respectively. Any matters relating to the investments in your SYNERGY fund should be raised with your financial adviser or investment manager.
How do I add Synergy to my pension? If you have read the SYNERGY brochure and accompanying material, and decided that you would like to add SYNERGY to your pension, you should apply for membership using the Application Form. The information collected in the application form will enable the Scheme Administrator to contact your UK pension company and authorise them to arrange for transfer of the value of that pension into SYNERGY. The Application Form also enables you to tell the Trustee and the Scheme Administrator who your financial adviser is, and the rate of investment management and/or transfer fees applicable. Once completed, the Application Form should be sent by post to the Scheme Administrator. |
