Benefits of using self invested pensions through a specialist Provider
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1. The benefit of self invested pensions through a specialist
Provider [email_address] www.dentonspensions.co.uk 01483
521521
2. Why Dentons
Bespoke Provider of:
SIPP (Self Invested Personal Pensions) &
SSAS (Small Self Administered Schemes)
Established 1979 over 30 years pension experience
Independently owned
Over 2000 SIPP policies
Over 650 SSAS schemes
Flexible service
Experienced staff
3. What can a SIPP do for me?
A SIPP can provide:
Control of capital and investments
Control and transparency of costs
Flexibility of investments and benefits
Major tax advantages
Contribution relief at the clients highest marginal rate up to
50% (subject to certain limits)
No Capital Gains Tax
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
Hedge funds
Unregulated Collective Investment Schemes
Unquoted equities (subject to individual consideration)
Commercial property or land
Intellectual Property
5. What isNOTpermitted?
Nothing . however, tax charges will apply to
certain investments such as
-Residential property
-Tangible Taxable Property
Examples:
Yachts
Cars
Wine
Art
6. SIPPvSSAS SSAS SIPP
Yes: as for SIPP
Plusto sponsoring employer -
security required
max term of 5 years
max loan 50% of scheme assets
Capital & Interest Repayments
minimum rate is 1% above
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
beyond age 75
Pension Commencement Lump Sum 25% of fund
Income taxed at marginal rate
Retirement options
Annuities
Phased Retirement
Capped and Flexible Drawdown
Scheme Pension
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
3 options:
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