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Directors Retirement Planning

In recent years the pensions industry has become more advanced in terms of the flexibility of investments available and the structure of the actual pension arrangements.    It is an area of constant change.

Jay Financial set up and manage the following self invested schemes which are flexible and very tax efficient.  Call us to discuss your retirement plans so that we can work with you to develop and implement a strategy.

Self Invested Personal Pensions (SIPPs)

Ideal for individual directors and partnerships

A Self Invested Personal Pension (SIPP) is a tax-efficient wrapper within which a wide range of investments can be held.   A new SIPP must appoint a scheme administrator, usually the recognised product provider.   SIPP's have the same tax benefits and regulations as conventional personal pensions plans but you and / or your advisers have control over the investment choice - each SIPP is unique to the individual. Otherwise, it operates in the same way as a conventional personal pension in respect of contributions and eligibility, for Her Majesty's Revenue & Customs (HMRC) purposes.

The range of permitted investments is extensive and includes more conventional investments such as deposits, unit trusts, stocks and shares and also more unusual assets such as commercial property. The complex nature of a SIPP means that it is not suitable for all investors. Often, the benefits of 'self investment' are only advantageous to people with very large funds and / or investors with some level of sophistication when it comes to investment decisions. Often, there are additional charges for arranging and dealing within a SIPP and these charges would erode smaller funds quickly.

Small Self Administered Scheme (SSAS) 

Excellent for family businesses

Typically, small self administered schemes (SSASs) will allow the same investments as a SIPP with the additional feature of lending to a business which is connected to the scheme.  A SSAS can have up to 12 members and are popular with family businesses.  However, SSASs are more expensive and complicated to set up and administer and therefore are not usually recommended for 1 member or solely for loans to a company.

Jay Financial can take you through all the options available, to ensure you tailor your cover to suit your needs.
Email   jackie@jayfinancial.com   or Call 01283 761866

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Regulatory Statements

Jay Financial is authorised and regulated by the Financial Conduct Authority

FCA Firm Number: 450655

Telephone : 01283 761866

Proprietor: Jacqueline Fancourt

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.

To visit the FCA consumer website - The Money Advice Service - please click here

To verify our status with the FCA, click here and key in our FCA number: 450655

Jay Financial is authorised and regulated by the Financial Conduct Authority
FCA Firm number 450655, Independent Financial Adviser, Jacqueline Fancourt