Protecting tax-free cash on transfer is, and always has been, one of the most popular queries we receive. More specifically, what happens if an individual who is entitled to tax-free cash of more than 25% is transferring to another plan?
And we also look at when a protected pension age is kept or lost on transfer.
Advisers are receiving an increasing number of requests from clients looking to transfer their pension from defined benefit schemes to personal pensions. In this article we look at the 3 main topics we get questions on.
The FCA Defined Benefit Advice Assessment Tool can help adviser firms understand how the FCA assess the suitability of Defined Benefit (DB) pension transfer advice.
The FCA has produced a step-by-step guide which helps customers know what to expect when taking advice in connection with a transfer from a Defined Benefit scheme.
In specie transfers involve a transfer of assets between two pension schemes, and usually involve shares, property and/or funds.
What are the rules regarding transfers to overseas pension schemes?
We have a number of online resources on pension transfers in our Pensions & Investment CPD hub
The Pension Schemes Act 2015 introduced the concept of safeguarded benefits from 6 April 2015. It also placed a requirement on some individuals to take financial advice before they can give up safeguarded benefits. We take a look at what safeguarded benefits are and when an individual needs to take advice to give them up.
We look at transfers in drawdown in the latest in our series of top five FAQs on pensions technical topics.
CPD | Transfers in drawdown – In this webinar we consider whether the drawdown plan remains suitable to achieve the client's needs and objectives on an ongoing basis. We also cover some of the legislative aspects advisers need to be aware of, the Retirement Outcomes Review and the PROD rules (in the context of transfers in drawdown), and more.
If someone transfers from one pension scheme to another at a time when they know they are in ill-health, HMRC may treat this as a transfer of value and it could be subject to inheritance tax. In this article we look at the options available.