Pension wrap
UK pension structure option
As a result of legislative changes in the UK pension
environment, individuals now have greater flexibility in how they
plan for their retirement. Consequently, the self-invested personal
pension (SIPP) is becoming a popular planning tool due to its wider
scope for genuine investment choice.
Offshore pension structure option
If you are resident in the Isle of Man,
Jersey, or an international expatriate, you may wish to hold
your self-managed or discretionary managed investments within an
approved pension structure. In the case of Isle of Man and Jersey
residents such a structure offers the benefits of tax relief on the
contributions. International expatriates may not qualify for Isle
of Man or Jersey tax relief, but they are able to share in many of
the other benefits that include:
- flexibility of contributions
- total transparency of assets
- succession planning where assets can be passed onto whomever
you wish in the event of death (spouse only for Jersey
residents)
- avoidance of the need for probate
- an effective means of asset protection
- flexibility to determine your retirement age
- a possible alternative to the annuity purchase restrictions of
traditional pensions
- lower costs for your pension fund
- being able to play an active role in determining the
composition of your pension portfolio.
Should you wish to discuss any of the above
services in greater detail, please contact our customer services
team.