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Plan Ahead!

19 January 2005 / Penny Bates
Issue: 3991 / Categories: Comment & Analysis , Investments

PENNY BATES looks at sophisticated pension schemes and property purchase pre and post A-day.

 

 

 

VARIOUS PENSION SCHEMES are available for the more sophisticated investor. These include small self administered schemes (SSASs), self invested personal pensions (SIPPs) and funded unapproved retirement benefit schemes (FURBS).

PENNY BATES looks at sophisticated pension schemes and property purchase pre and post A-day.

 

 

 

VARIOUS PENSION SCHEMES are available for the more sophisticated investor. These include small self administered schemes (SSASs) self invested personal pensions (SIPPs) and funded unapproved retirement benefit schemes (FURBS).

Pension simplification gives a number of advantages both pre and post A-day 6 April 2006 in relation to these schemes but before examining these advantages it is worth recapping their main features.

 

 

Small self administered schemes

SSASs are aimed primarily at directors of companies and are ideal where a limited company is owned wholly by working directors. Rather than handing control of the fund over to a life company the contributions remain under the control of the trustees appointed by the company one of whom must be an...

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