Pensions
Retirement planning is a complex area and expert independent financial advice can make a big difference to the quality of life you enjoy when you stop work.
More importantly, the use of Pensions as a strategic Remuneration and Investment tool is critical to the management of taxation liability, extraction of funds from companies and development of long term flexible income. We can help you maximise the effect of this powerful planning tool.
The following list of Pensions headings should serve to demonstrate the inherent complexity of this highly technical subject. It is not acceptable simply to advise clients of the various contribution limits or “automatic” levels of tax relief potentially available or indeed the standard benefit regime. We have evidence of deferred taxation liabilities falling on clients who have either self advised or indeed received advice from the less informed.
It is therefore fundamentally important to discuss each and every prospective Pension contribution and how it may impact on corporate and personal taxation liability.
Pension Information
- Annual allowance- Lifetime allowance amounts- Carry forward -Removal of age 75 rule
- Capped drawdown - Flexible drawdown - Tax on lump sum death benefit
- Lump sums - Contributions after age 75 - Employer contributions and tax relief
- What are protected rights? - Death before taking benefits- Death after taking benefits
- Secured pension - Income Drawdown - Death after age 75
- Triviality - Understanding pension input periods and pension input amounts
- Drawing your pension income -Death benefits and tax charges
- Annuities -Changes to pension rules at 75