Trading as Nick Ball
Protection Inheritance Tax
Investments
Pensions
I advise many of my clients about this area, whether it is the initial step of setting up a scheme, transferring pensions following divorce or changes to employment, and also the establishment of drawing money from these schemes. For those who have not yet investigated setting up a pension, the importance of it cannot be stressed enough. With the improvements in healthcare and living conditions, people are living longer, with retirement lasting 20 or 30 years, perhaps longer. It is essential to plan for this time to ensure that you are comfortable enough during these years, to enjoy life to the full.
Many of you may have heard about Pension “A-Day,” but may be confused about what it is, and what it means for you.
What it is? “A-Day” is the new single tax regime for pensions that was announced in the March 2004
Budget it is set to happen on 6th April 2006.
What does it mean?
New opportunities for many people to enhance/protect their tax-free cash and benefits.
Potential problems for some people, if they do nothing.
Changes to pension transfers, in particular the removal of protection taken out on benefits.
Changes to self-invested pensions.
Changes for corporate clients regarding re-shaping their benefits packages.
Changes for companies with occupational schemes and the need for independent advice.
For a personal recommendation and further information about these products, please contact me on 01275 373555.
Acuma Ltd. is Authorised and Regulated by the Financial Services Authority.