1. Charterhouse 1  PAC’s  Elizabeth Bischoff  David White

2. 2Who we are How we work  Charterhouse  Product Development  Tax Counsel  The Service  Current climate

3. 3PAC’s - What is it? - How does it work? Client Company Ltd Profit £500,000 Contribution £400,000 Guernsey Protected Cell Co Ltd Client cell  The Contribution  Pension Annuity Contract  Guernsey Protected Cell Co

4. 4What can be done with it  Investment  Loan  Shares

5. 5What do you get at the end?  Annuity certain  Segment it

6. 6Taxation  Within Protected Cell Company - UK source - Non UK source - Capital Gains  At retirement  Inheritance Tax

7. 7Example 1  Contribution  Funds invested in managed funds and rental property  Growth at advantageous tax rates  Pension Client Company Ltd Guernsey Protected Cell Co Ltd Client cell Contribution

8. 8Example 2  Contribution  Company needs funds  Individual needs funds Client Company Ltd Guernsey Protected Cell Co Ltd Client cell Contribution

9. 9Example 3 Client Company Ltd Guernsey Protected Cell Co Ltd Client cell Shares Contribution

10. 10Summary What is it ? Who is it for ? DOTAS

11. 11Costs Fees – Subject to negotiation, but a minimum of £25,000 Other costs IFA suitability report £1,000 plus VAT Remuneration report £1,650 plus VAT Provider – Initial - 0.4% (min £2,500 - max £6,000) - Annual - 0.5% (min £3,000 - max £7,500) Provider - additional costs if specific transaction