Paramount Group - Protection

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.

Protection

As we go through the various life stages, important things are put in place to provide for the comfort and security of ourselves and our family. This can include the arranging of mortgages, pensions and short, medium and long term saving goals. However, whilst it is important to look to the future, it is also important to make sure the correct building blocks are in place as the bedrock to your financial planning.

For such goals to be achieved the requirement is a continuing source of income. But what if your income stream is suspended or stops altogether. It therefore makes sense to protect the source of this income and there are several ways in which you can do this. At Paramount Group we go to great lengths to understand your personal circumstances, goals and aspirations as this will enable us to recommend the most appropriate solutions. The suitability of protection products will depend on various factors and the differing types along with a description of their particular features and potential suitability are as follows: