- 1. The benefit of self invested pensions through a specialist
Provider [email_address] www.dentonspensions.co.uk 01483
521521
2. Why Dentons
- SIPP (Self Invested Personal Pensions) &
- SSAS (Small Self Administered Schemes)
- Established 1979 over 30 years pension experience
3. What can a SIPP do for me?
- Control of capital and investments
- Control and transparency of costs
- Flexibility of investments and benefits
-
- Contribution relief at the clients highest marginal rate up to
50% (subject to certain limits)
-
- No Income Tax (dividend yield excepted)
-
- Tax free Pension Commencement Lump Sum
-
- Outside of estate for IHT
- No requirement to purchase an annuity ever!
4. What can a SIPP invest in?
- Stocks and shares quoted on the UK Stock Exchange
- Stocks and shares traded on a recognised overseas stock
exchange
- Shares in open ended investment companies (OEICs)
- Futures and options traded through a recognised exchange
- Unit trusts and investment trusts
- Insurance company managed funds and unit linked funds
- Deposit accounts with any authorised financial institution
- Second hand endowment policies via a recognised dealer
- FSA recognised offshore funds
- Trustee borrowing from an authorised institution
- Unregulated Collective Investment Schemes
- Unquoted equities (subject to individual consideration)
- Commercial property or land
5. What isNOTpermitted?
- Nothing . however, tax charges will apply to
- certain investments such as
- -Tangible Taxable Property
6. SIPPvSSAS SSAS SIPP
- Plusto sponsoring employer -
- max loan 50% of scheme assets
- Capital & Interest Repayments
- base: currently commercial
- basis is 2.5% + base rate
Yes:must be unconnected and on commercial terms Loans One trust
for each scheme Master Trust with individualsub-trust for each
member Trust Same as SIPP >3,600 or 100% UK earned income
Maximum 50K pa plus unused allowance (3 year carry forward)
Contributions Sponsoring Employer required AnyoneEligibility SSAS
is not regulated by FSA Provider is FSA regulated Regulation 7.
SIPPvSSAS SSAS SIPP No Yes held separately but within the same SIPP
as for non-Protected Rights funds but can be invested in the same
way Protected Rights One trust and all investments are jointly
owned Impact on fees must be considered Yes, assets held separately
can include a share in a group investment Joint Purchase/
Syndicated Investment Yes, same as SIPP but only up to 5% in
sponsoring employer Yes, subject to individual considerationUp to
20% of company maximum Unquoted Shares 8. SIPP retirement
options
- Earliest age 55 irrespective of employment
- No limit on latest agebutpossible charges on death if
- Pension Commencement Lump Sum 25% of fund
- Income taxed at marginal rate
-
- Capped and Flexible Drawdown
9. Benefits on death
- Death before age 75 and no benefits drawn
- Whole of plan can be paid, outside of estate (subject to
limits)
- Death after vesting benefits
-
- Pension paid to spouse/ dependants; tax at marginal rate
-
- Purchase an annuity for spouse/dependants; tax paid at marginal
rate
-
- Proceeds distributed less tax at 55%
- Death after vesting tax free cash no income taken
- Pension fund subject to a 55% tax charge
10. Dentons service
- Each introducer/client is allocated to one of six
- administration teams for continuity of service
- Each team is headed by a highly qualified and
- technical pension consultant
- Average service of consultants is 19 years
- Pension consultants are available for meetings with introducers
and clients
- Administration staff are multi skilled we do not operate on a
departmental basis
11.
- We have assessed a number of companies
- where the customer base includes IFAs and
- Dentons score of 7.79 from IFAs is the highest on
- record. We consider this to be significant as the
- IFA community deals with a range of product
- providers and IFAs are therefore uniquely placed
- to judge what good looks like. Theyve
- given Dentons a big thumbs up.
- Quote by Neil Craig, Managing Director of IIC
Dentons service outstanding 12. Please Contact us
- Self Invested Pension Specialists
- Dentons Pension Management Limited
- Sutton House, Weyside Park, Catteshall Lane, Godalming, Surrey
GU7 1XE
- Dentons Pensions Management Ltd ( Reg No 2352951), Denton &
Co Trustees Ltd
- (Reg No 1939029) and NTS Trustees Ltd (Reg No 1407848) are
- registered in England with their registered offices being as
above.
- Dentons Pension Management Ltd is Authorised and Regulated by
the
- Financial Services Authority
Tel:01483 521521 Fax: 01483 521515 www.dentonspensions.co.uk
[email_address] Please note that Dentons is unable to provide
advice and we therefore recommend that you take advice from a
Financial Adviser