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.
