PENSION PLAN
(SIPP / QNUPS)
A structure that allows one to ensure a stable retirement, a quality education for their children, or even establish a position of financial strength.
A FLEXIBLE, TAX-EFFICIENT WAY OF SAVING FOR ONE'S LONG-TERM FUTURE
A Self Invested Personal Pension (SIPP) offers one the option of consolidating their existing UK pension schemes. It allows one greater control of how they invest their pension and is designed to produce an income or a tax-free lump sum and income when they choose to retire.
A SIPP allows one to select from a much wider range of investments than other pension plans with a large range of global assets.
KEY FEATURES
BENEFITS
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Consolidate all one's existing pension entitlements into a SIPP, including transfers from occupational pension schemes.
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It is open to both UK and non-UK residents who want to carry out a pension transfer from an existing HMRC (Her Majesty's Revenue and Customs) recognized scheme.
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On death, your nominated beneficiaries may receive the funds remaining in your scheme. This can be free of UK inheritance tax, depending on the beneficiaries’ personal circumstances.
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There is no requirement to purchase an insurance annuity.
TAX EFFICIENCY
Benefit from significant tax advantages.
FLEXIBILITY
Offers flexibility on the choice of investments with a wide range of eligible investments and a varied level of risk to suit one's needs.
AGE
One can contribute to the plan up until the age of 75 and start withdrawing from the plan at age 55.
RETIREMENT
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Early retirement is allowed irrespective of whether one remains at work.
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A staggered or phased retirement is allowed.
MANAGEMENT
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The SIPP is managed by an approved Pension Trustee.
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A financial advisor can be appointed to advise on the selection of investment instruments.
ONLINE ACCESS
Access to online valuations of one's investments at any time.
NEED FINANCIAL ADVICE?
An accomplished financial planner is essential to help guide your important personal financial decisions. One who considers all your financial needs and goals, and has the knowledge, experience and support to give you the right advice.
Your Financial Advisor can become your financial partner for life and will coach and guide you to do great things. We suggest you speak to your Financial Advisor before making any investment decisions.
ASK YOUR FINANCIAL ADVISOR TO CONTACT US TODAY.
* International Assurance will only accept business from Financial Advisors
