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What is the RATS in relation to QROPS?

qrops rats relation
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What is the RATS in relation to QROPS?

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A Retirement Annuity Trust Scheme(RATS) is a discretionary trust that acts as a self administered private pension scheme for individuals resident in Guernsey. The Trust Deeds are administered to meet approvals afforded by Section 157A subsection 4 of the Income Tax (Guernsey) Law 1975, as amended.

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