Due to the TTFAC, requirements providers will not agree to RBCE events without written proof of any past crystallisation events. This will cause delays and significant additional work when any client wishes to take pension benefits.
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These notes are our current understanding of the rules that govern the use of salary sacrifice to enhance pension savings.
The following is a summary of the current position of the new state workplace pension automatic enrolment pension scheme.
For most people, their big concern is whether or not they have sufficient assets to support them when they are at their most vulnerable. Generally, this will be when frailty, and/or sickness mean they need care or have to go into residential accommodation. These notes are designed to provide some background about the subject.
Life assurance is a protection insurance which pays out an agreed sum should the insured person die. The following notes describe briefly the most common types of life assurance plans now available
An introduction to attaching trusts to financial products and services.
As a recommended adviser for the Society of Later Life Advisers (SOLLA) we are frequently asked to advise on home income/equity release plans. These notes are designed to provide some general background information to consider the options in this quite complicated area.
There is a huge amount of analysis which goes into any letter or report we produce. Rather than include reams of explanation on each enclosure these notes try to explain the reasoning behind our calculations.
We use the Transact onshore bond wrapper where you wish to defer or mitigate higher rates of tax and, in many cases, receive regular income. The flexibility of the Transact wrapper does mean, however, that when considering what cash to hold throughout a year we have to allow for tax as well as charges, income and withdrawals. This note is designed to explain how the tax works.