Pension Drawdown

Subject to certain conditions you can transfer your pension fund to a Pension Drawdown Contract. This would then allow you to withdraw an unrestricted amount i.e. up to 100% of the value. A Tax Free lump sum of 30% is still available with the residual fund taxed at 20%.
In order to establish a Pension Drawdown Contract you must be able to demonstrate that you meet the ‘Minimum Retirement Income’ (MRI) requirement. MRI is a guaranteed lifetime income of an amount not less than the single person’s full States of Jersey old age pension, increasing by at least 3% per annum.

Please note that if any part of your pension fund came from a UK pension then you may not be permitted to use a drawdown contract.

To find out more email or telephone 01534 860660.

Other Retirement Planning Services


Regulated by the Jersey Financial Services Commission for the conduct of Investment Business


1st Floor
24 Sand Street
St Helier
01534 860 660
9am – 5pm

Pension Drawdown - de Carteret Wealth