View more on these topics

Fedelta offers Offshore pension scheme for ex-pats

Isle of Man based specialist pension consultants, Fedelta Pensions, has introduced its International Pension Scheme to the offshore market. The scheme is based on the UK small self-administered scheme but provides for greater flexibility as it is not restricted by the SSAS investment guidelines.


Fedelta is targeting the scheme at employers of UK domiciled ex-patriates currently working abroad, but intending to return to UK. The scheme takes advantage of the Isle of Man income tax regulations. This allows the members of employer sponsored schemes to roll up their funds tax-free and then either draw a pension from the scheme, or take the entire fund tax-free without having to buy an annuity when back in the UK.


The main advantage is the ability to leave the scheme&#39s funds tax protected when returning to the UK. It also puts the client in the driving seat with regard to the schemes charges, as these are calculated on a time spent basis. The active investor can therefore take the opportunity to reduce administration charges by taking a more proactive role.

Recommended

Foreman to quit as R&SA chief executive

The chief executive of Royal & SunAlliance Peter Foreman is quitting the position at the end of this month. Foreman will be replaced by current group finance director Paul Spencer.Julian Hance, another internal appointment will replace Spencer.Foreman is also quitting his post as a Group Director Europe but will remain on the board until the […]

ScotEq push for early pension provision

Scottish Equitable is enlisting the support of IFAs in a drive to convince the public of the dramatic benefits of taking a pension out at an early age.The life office is distributing a series of leaflets to IFAs to help them warn the public of the high price they will pay in benefit terms if […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment