Based in British overseas territories, IPPs were schemes that catered towards non-domiciled individuals employed in the UK. Retirement age and taxation depends heavily upon residence and scheme set up.
For guidance, most pre-'A Day' schemes allowed retirement at age 50 and had corresponding tax relief on contribution. For post-'A Day' schemes they should be treated as UK pensions will relief been given at source and retirement at age 55. Most of the IPPs we advise on are domiciled in Jersey.
Why individuals seek advice:
Depending on your type of IPP, whether its pre or post aday (2006) and where you are living taxation is always of paramount importance. Speak to our team about how we can help.
Paying too much every year and on trading? Want to choose your investments? Whether that is ETFs, Stocks, Bonds, head funds etc than speak to our wealth management team and check out our professional client offerings.
For post 2006 pension check out our lifetime allowance tax planning
For both pre and post 2006 IPPs consider using a boutique overseas scheme
For post 2006 schemes below lifetime allowance consider using a UK based pension
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