We recognise the complexity surrounding the Annual Allowance and Lifetime Allowance and regularly help clients in this planning, alongside other issues such as income withdrawal, phased retirement and general retirement planning issues.
As well as advising individuals directly, we work with many corporates in developing their retirement strategies to ensure that they provide a mutual advantage to the employer and the executives alike. Much of this advice tends to focus on providing guidance on opt-outs and compensation levels.
Our professional advice is tailored to your specific needs, fully independent and not geared to promotion of any product.
Any regulated investment advice will be provided by a consultant who is authorised and regulated by the Financial Conduct Authority.
"Bhargaw Buddhdev has been advising the senior management team of EPR for
a few years. He has helped the Directors with their pension planning by
explaining the details of the numerous and complex pension taxation issues in a
way that they understand. In the last year, whilst I was planning my own
retirement, he has supported me to make informed choices using his vast
knowledge and experience of advising other senior individuals. I had both
defined benefit and defined contribution pension arrangements and he guided me
through the process of drawing benefits in a tax efficient manner. He was happy
to provide his advice in detailed written reports which were clearly set out.
He is very ably supported by his team (especially Nilesh Shah) which enables
him to provide cost effective advice to his clients. I would definitely
recommend Bhargaw and his firm to anyone looking for professional pensions
Martin Potter - Director
“When I needed some technical pensions advice, Bhargaw and his team provided excellent work throughout. Bhargaw showed a deep and detailed knowledge of the intricacies and complications of the interaction of tax, the timing of when to start to receive a pension, how much to take as a lump sum and complex pension regulations.”David Miles
In recent years there have been some monumental changes in UK pensions policy. Throughout 2016 we have seen a continuation of these policies and the emergence of a new pensions landscape, but not all of the changes have been unqualified successes.
When it came to the detail on pensions, the autumn statement was a quiet one for a change, although we would caution that one measure in particular could prove significant when it comes to taking benefits.
At the end of July 2016, HMRC’s Lifetime Allowance Online Service went live on the GOV.UK website. SIPP and SSAS members should now use this service to apply for Individual Protection 2014 and 2016 as well as Fixed Protection 2016.
Considerable changes to pension taxation in recent years will heavily impact high earners. This briefing note details these changes and highlights the seven stage process that employers should follow to avoid unnecessary pension taxation issues.
There have been substantial recent changes in pensions legislation affecting high-earners. As a result, senior university staff may now face tax charges on their ongoing pension savings.
This edition of Current Pensions Issues includes updates on a further deadline extension to HMRC's guidelines on VAT on pension costs, the Treasury's proposal to use DC funds to pay for retirement advice and a review of other current pensions tax issues.
High earners face large additional tax bills on the build-up of their pension after 6 April 2016. How have employers responded to these changes and what should they be thinking about post April 2016?
We were asked to advise a leading University in relation to its senior staff. Particular issues arose with one senior staff member with long service and he had exceeded the Annual Allowance (AA) (£50,000) in each of the last 3 tax years.
We were asked to advise a Managing Director of a leading global company who was expected to lose Enhanced Protection because of on-going benefit accrual. The pension issues were complex and required an urgent decision.
We were appointed by an executive who faced the prospect of a lifetime allowance (LTA) charge because her benefits at normal retirement date would exceed the LTA.
Barnett Waddingham has announced the promotion of three of its staff to the position of partner and 15 to associate, ensuring continued business growth and success.
A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.
Barnett Waddingham has today announced that the number of properties under administration within its SIPP business has exceeded 1,000 for the first time.