Flexible SIPP: flexible benefits
Providing maximum flexibility in planning for, and drawing benefits in, retirement
Barnett Waddingham’s SIPP and SSAS teams have been awarded a ‘Silver' rating by independent assessor, Investor in Customers.
From 6 April 2015 new pension benefit options bring greater flexibility over how pension savers can take their pension benefits.
- Uncrystallised Fund Pension Lump Sum (UFPLS)
- Flexi-Access Drawdown (FAD)
These options are available through our SIPPs. We have also introduced other changes to improve flexibility – exactly what ‘freedom and choice in pensions’ (in the words of The Chancellor) is all about.
- two payment dates per month for regular payroll
- ad hoc payments on demand
- shorter processing times (to set up or change payments)
Other changes from 6 April 2015 increase the inheritability of defined contribution pensions such as SIPPs, making it easier to pass pensions down the generations in a tax-efficient manner.
Taxation of Pension Death Benefits
A detailed look at the new rules regarding the taxation of pension death benefits
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Flexible SIPP benefit options
This briefing note details the options and flexibilities available with our SIPP
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We provide financial advisers with the technical back-up and expertise that helps support your business and your clients, both now and into the future. For instance, you can expect a dedicated point of contact, annual CPD-accredited seminars and in-depth technical briefings.
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If there is anything you do not understand, or for further information, please call on 0344 443 0100 or email us