SENTINEL InternationalPreservation Fund

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SENTINEL Access

SENTINEL Advanced

SENTINEL Advanced Plus

SENTINEL International Preservation Fund

SENTINEL International Preservation Fund – Key Features and Benefits Guide2

Summary

SENTINEL offers clients an environment in which to build wealth using an international solution that offers a high

level of asset protection, significant flexibility and access. This means that you can choose when, where and how you

want to take benefits with payments set at a level that meets your requirements, and at an age that suits you.

SENTINEL is an international preservation fund established and administered in Guernsey, a tax efficient and highly

regarded jurisdiction. Preservation funds are designed to provide a protected environment in which you can

accumulate wealth. Typically preservation funds are used for financial independence, retirement, education fees,

unexpected medical costs, travel or a second home.

SENTINEL offers a wider range of potential benefits such as: investment and currency choice, mitigation of foreign

probate, succession planning and asset protection. Importantly it can provide peace of mind in respect of domestic,

political and economic challenges.

Key Features

• A minimum investment of £50K (or currency equivalent)

• Multiple currency options to meet your future needs and hedge against domestic currency volatility

• A wide range of global investment options to create bespoke portfolios

• Tax neutral environment for growth

• Accessibility using multiple benefit options

• Mitigates foreign probate and complexities of foreign death duties and or the need for a foreign Will

• Safe guard against political uncertainty, changing domestic laws and claims on your estate

• A safe haven in which to build and protect international wealth providing peace of mind for the future

Your Guide to SENTINEL

Modern Challenges

Improvements in lifestyle and advancements in medical

science mean that we are living longer. Longevity poses a

significant financial challenge, as we have to accumulate

sufficient wealth to provide for a prolonged period of

retirement.

Lifestyle Goals

When considering SENTINEL, it is vital to do so in the

context of your financial objectives. Put another way,

consider how SENTINEL will help you achieve what is

important to you and the lifestyle you want in the future.

Lifestyle goals can be very diverse and can be simple such

as wanting to have money to fund holidays or could be

more significant, allowing you to emigrate to be closer to

your family. For others funding education for their children

and/ or grandchildren may be the primary motivation.

Where commitments are based in a foreign currency, it is

prudent to make provision in that currency thus mitigating

currency fluctuations.

Purpose

SENTINEL is designed to provide a distinct environment in

which to build and safeguard wealth. Benefits can be paid

anywhere in the world providing income and/ or capital to

meet your financial needs.

Description

SENTINEL is a Preservation Fund written under the Trusts

(Guernsey) Law 2007. Overseas Trust and Pension Limited

(“OTAP”) is the Trustee and Administrator and operates

SENTINEL in accordance with the Deed and Rules.

Entry Level and Contributions

The entry level for SENTINEL is £50K (or currency equivalent)

with a choice of three investment options depending on

your needs: Access, Advanced and Advanced Plus.

There is no maximum contribution level and the minimum

additional contribution is £10,000.

Financial Advice

It is important that you discuss your circumstances,

attitudes and objectives with your professional adviser.

Your professional adviser is best placed to help you decide

if SENTINEL is appropriate for you and advise you on a

suitable investment strategy. Your professional adviser will

also provide ongoing reviews on the suitability of SENTINEL.

Investments

Your appointed adviser will recommend a suitable

investment strategy and will review the investment

performance with you at regular intervals.

There is a wide choice of investments depending on the

type of SENTINEL that you hold:

Access – A wide range of investment funds held on the

OTAP Investment Platform

Advanced – A wide range of investment funds held within

an Offshore Investment Bond

Advanced Plus – For clients who need the widest investment

choice and flexibility

Investments can be held in a range of major World currencies.

Protection

Contributions to SENTINEL are the property of the plan

which is domiciled in Guernsey. This may provide protection

from events such as political or commercial risk and help

safeguard your wealth.

Selected benefit date

SENTINEL is designed to provide supplementary income

and or capital, therefore it offers a flexible approach to the

provision of benefits. This means you can select any age or

date to commence benefits.

However, if you reach your selected benefit date but have

no need for the funds in your plan, you can defer benefits

indefinitely.

Should your circumstances change prior to your selected

benefit date you can request the trustees to consider an

earlier benefit payment.

SENTINEL International Preservation Fund – Key Features and Benefits Guide 3

Benefit Payments

Benefit payments can be made in one of three ways.

Full Lump Sum Benefit: The full value of the plan is paid

to the member and the plan ceases.

Part Lump Sum Benefit: Part of the value of the plan is

paid to the member and the plan continues. For example,

a plan valued at £100,000, could pay a benefit of £20,000

and the residual funds of £80,000 remain in the plan and

can be drawn on again as required in the future.

Income payments: Regular drawdown and annuities can

be paid from the plan. Different types of annuities are

available including temporary or short-term annuities and

lifetime annuities. Your financial adviser will be able to

guide you on the best option.

Benefits can be requested by completing the appropriate

form available on our website.

Death Benefit

Upon your death, the plan’s assets can be paid to your

nominated beneficiary(ies). Beneficiaries can include

individuals, a trust or even a retirement plan.

Benefit Vesting and its Implications

The assets held in the plan, belong to the plan until either

you request a benefit payment or upon your death. When

a benefit payment is declared, the value of the declared

benefit vests in you. The unvested portion of the fund i.e.

the remainder of the plan stays protected as it is not legally

part of your estate.

Death is deemed to be a vesting event and as such, the

value of the plan forms part of your estate for the purpose

of estate duty calculation. The remaining proceeds are

distributed by the Trustees and not via your estate.

Succession and Probate

This is a complex area of financial planning, particularly

where foreign assets are held in your own name.

SENTINEL protects the assets from foreign: succession

rules, probate, wills and potential tax associated with

death. This means that value of the plan will be available

to your dependents or beneficiaries within a short period

of time.

Taxation

SENTINEL is domiciled in Guernsey. The plan is not subject

to local tax in Guernsey on income or capital gains tax

within the plan nor on benefits paid from the plan to

non-Guernsey residents. As such, you only need to

consider tax in the country in which you are tax resident.

We strongly recommend that you speak to a professional

adviser in the country that you reside to confirm the tax

position of SENTINEL in your country.

Pricing

Please refer to our fee schedules for Access, Advanced and

Advanced Plus options. You should also consider the fees

associated with any underlying investments used within

the plan.

Note

Although SENTINEL is a preservation fund we do not

guarantee the value of your plan. The value of the plan and

the investments held within it may go up or down in value

and you may not get back the amount contributed to

the plan.

SENTINEL International Preservation Fund – Key Features and Benefits Guide4

Overseas Trust and Pension (OTAP) is the trading name of Overseas Trust and Pension Ltd, Overseas Pensions and Benefits Ltd and Overseas Pensions Administration Ltd, (the Companies). The Companies are licensed by theGuernsey Financial Services Commission under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000. Overseas Trust and Pension Ltd and Overseas Pensions andBenefits Ltd are registered in Guernsey numbers: 55506 and 39935 respectively. Their registered office is 2nd Floor Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW. Overseas Pensions Administration Ltd isregistered in Alderney number: 1427 and its registered office is Millennium House, Ollivier Street, St Anne, Alderney, GY9 3TD.

Overseas Trust and Pension Ltd is an authorised financial services provider in terms of the South African Financial Advisory and Intermediary Services Act with FSP number 47261.

The Companies do not offer financial, investment or tax advice, any information provided should not be considered as such. The Companies accept no legal liability for losses, damages or expenses which you may incur or sufferdirectly or indirectly by using this information.

We endeavour to make sure the information is accurate and up-to-date however, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information.

We strongly recommend that clients take regulated financial and investment advice relevant to their individual circumstances. It is the responsibility of clients and their advisers to review the advice and investments at least annually.The product terms, risks and charges (including: initial, annual and exit) should be considered, understood and agreed with your Financial/Investment Adviser.

Overseas Trust and Pension

2nd Floor, Elizabeth House, Les Ruettes Brayes,

St Peter Port, Guernsey, GY1 1EW

Telephone: +44 (0) 1481 723030

E-mail: enquiries@trustandpension.com

Visit: www.trustandpension.com

February 2017

Overseas Trust and Pension (OTAP) is the trading name of Overseas Trust and Pension Ltd, Overseas Pensions and Benefits Ltd and Overseas Pensions Administration Ltd, (the Companies). The Companies are licensed by theGuernsey Financial Services Commission under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000. Overseas Trust and Pension Ltd and Overseas Pensions andBenefits Ltd are registered in Guernsey numbers: 55506 and 39935 respectively. Their registered office is 2nd Floor Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW. Overseas Pensions Administration Ltd isregistered in Alderney number: 1427 and its registered office is Millennium House, Ollivier Street, St Anne, Alderney, GY9 3TD.

Overseas Trust and Pension Ltd is an authorised financial services provider in terms of the South African Financial Advisory and Intermediary Services Act with FSP number 47261.

The Companies do not offer financial, investment or tax advice, any information provided should not be considered as such. The Companies accept no legal liability for losses, damages or expenses which you may incur or sufferdirectly or indirectly by using this information.

We endeavour to make sure the information is accurate and up-to-date however, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information.

We strongly recommend that clients take regulated financial and investment advice relevant to their individual circumstances. It is the responsibility of clients and their advisers to review the advice and investments at least annually.The product terms, risks and charges (including: initial, annual and exit) should be considered, understood and agreed with your Financial/Investment Adviser.

Overseas Trust and Pension

2nd Floor, Elizabeth House, Les Ruettes Brayes,

St Peter Port, Guernsey, GY1 1EW

Telephone: +44 (0) 1481 723030

E-mail: enquiries@trustandpension.com

Visit: www.trustandpension.com