Case study 06.01.2009
Have you thought how you will maintain or even enhance your lifestyle in later life?
Read More >>>Family Pension Trust
Personal Wealth Management
Planning to provide financial stability in later life
A Rowanmoor Pensions Small Self-Administered Scheme (SSAS) or Family Pension Trust offers the facility to take benefits at any time past age 55 (50 until 2010), providing an income and tax-free cash sum (pension commencement lump sum) to help you to maintain or enhance your lifestyle, which can be while still in employment. Income can be provided direct from the fund without the need to buy an annuity and leaves many other options open to accommodate changes in personal circumstances.
Saving for a pension in later life can provide an income and tax-free payments, which offers financial flexibility and will help to give you peace of mind in later life. Depending on the level of funding, your standard of living may be maintained. A good level of income can also help toward holidays and other pastimes we all take for granted. On death, it is possible to provide a pension for your dependants. If there are no dependants, your assets may remain in the scheme for the benefit of other members but may be subject to tax charges. Or you may be able to pass your fund to a charity tax-free.