Defined Benefit Pension Plans
Self Investment Pension Plans (SIPPs)
Defined Contribution Pension Plans
Defined Benefit (or Final Salary) Pensions pay a pre defined inflation linked amount
Defined Contribution Pension Plans
Self Investment Pension Plans (SIPPs)
Defined Contribution Pension Plans
Defined Contribution Schemes, whether employer or privately funded, will provide benefits determined by the value of the plan at retirement
Self Investment Pension Plans (SIPPs)
Self Investment Pension Plans (SIPPs)
Self Investment Pension Plans (SIPPs)
Similar scheme particulars to defined contribution scheme a SIPP allows individuals wider and more flexible investment choice
International Pension Plans (IPPs)
Recognised Overseas Pension Scheme (ROPs)
Self Investment Pension Plans (SIPPs)
Often based in British overseas territories, IPPs were schemes that catered towards non-domiciled individuals that had UK exposure. Retirement age and taxation will depend heavily upon residency and scheme set up.
Recognised Overseas Pension Scheme (ROPs)
Recognised Overseas Pension Scheme (ROPs)
Recognised Overseas Pension Scheme (ROPs)
Similar to a SIPP in regards to investment opportunities a ROPs sits outside of the UK which can give rise to advantageous tax planning.
Qualified Non-UK Pension Scheme (QNUPs)
Recognised Overseas Pension Scheme (ROPs)
Recognised Overseas Pension Scheme (ROPs)
A QNUPs can have contributions that are not elible for UK tax relief added. Individuals are allowed to contribute any amount that will be used as an income in retirment
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FAQs
- Should I move my Defined Benefit Scheme?
- What is lifetime allowance?
- How can i protect against lifetime allowance?
- When can I withdraw my IPPs?
