SIPP

 

A Self Invested Personal Pension (SIPP) is the SSAS equivalent for the self-employed, partnership or an employee.

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SSAS

 

The advantage of a Small Self Administered Scheme (SSAS) to any small to medium sized business.

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News from Westerby – March 2014
 

Pension Savers – Don’t forget the changes to the Lifetime and Annual Allowances

With political focus turning to the EU referendum, the furore surrounding the March budget seems to be a distant memory.   Whilst plans to introduce further cuts to tax relief on pension contributions, or remove the tax free lump sum at retirement were shelved, it’s worth remembering two significant changes in pension rules still came into force on 6th April:

  1. A reduction in the Lifetime Allowance to £1 million.
  2. The introduction of a reduced Annual Allowance on pension contributions by high earners.

For more information on both of these measures please watch our handy 60 second video guides available here:
Lifetime allowance reduction
Reduction in pension contribution tax relief

How long further reform to pension tax relief stays on the back burner remains to be seen but it’s widely expected in the industry that this hasn’t been forgotten and will be revisited during the course of this parliament.

If you’d like more information about Westerby Trustee Services

Westerby Trustee ServicesSales & Admin +44 (0) 116 326 0183
Email us here

We will contact you to arrange an initial consultation.

QROPS - The Westerby International Retirement PlanSSAS - Small Self Administered Scheme - Brochure Download
 

CONTACT US

Westerby Trustee Services
The Crescent
King Street
Leicester
LE1 6RX

 

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