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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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