If you are aged 65 or above, assuming you satisfy certain contribution conditions, you may claim your old age pension. Find out more information about old age pensions here.
If you have been paying into a private pension, whilst your contributions are tax exempt up to a limit, your pension will be included in your taxable income. Find out more about tax on pensions here. You will need to inform the Income Tax Office when you retiring.
The Social Security Department operates a specialist health and Long-term Care scheme which covers residents of Guernsey, Alderney, Herm and Jethou. If you are over the age of 65, you do not have to pay social insurance contributions but you do have to pay health insurance and long-term care contributions towards the scheme. These contributions are payable by people over the age of 65 and are based on assessable income.