Retirement Annuity Trust Scheme via Skandia

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    mark beale
    Participant

    Claimant has an amount of £40,000 invested in a Retirement Annuity Trust Scheme (normally available in Jersey and Guernsey).

    He has taken this amount from his Pension fund and invested in the Self administered private pension scheme after pension age.

    He can draw a percentage each year.

    Are there any complications in treating the amount as capital and the annuity as Pension?

    Whilst I accept that the amount has been invested by choice post pension age, the scheme would still appear to be a pension scheme like many others?

    Regards

    Mark

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