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Newsflash

Protecting Tax Free cash

As you generally advise your clients regarding remuneration strategy and more importantly profits extraction it appears, following research with our existing clients that, for those who hold executive/directors pension policies and even those with small self administered schemes, it is now worth a review. This would examine whether it would be advantageous to transfer the existing benefits to a section 32 or section 32A (Block transfer) and start funding a self invested personal pension. For those who have small self administered schemes it is still possible to transfer to a section 32 and have the section 32 self invested, utilising the commercial property occupied by the sponsoring employers company.

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Business Protection

For those in business, failure to protect their company, partnership and key staff could have severe implications on the business in the event of someone dying prematurely or becoming ill and being left unable to work. Highlighted below are some different scenarios that should be considered.

Please contact us web@paramountifa.co.uk if you have any queries regarding the protection of your business.

 

Shareholder/Partnership Protection
Key Person Insurance
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