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
Now is a good time for companies with June year-ends to consider how their pension scheme liabilities will affect their balance sheet - despite recent falls in equity markets IAS19 funding levels are likely to have held up reasonably well.
The 31 January deadline for paying tax for 2016/17 has now passed. Senior staff now have to think ahead to the end of the current tax year, ending on 5 April 2018.
It is inevitable rumours and speculation have now started to circulate about what the Chancellor might do in the first autumn budget. Our blog lays out pre-budget considerations for high earners.
Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the FRS102 (UK non-listed), IAS19 (EU listed) and ASC715 (US listed).
This briefing highlights the key changes to the annual allowance (AA) and lifetime allowance (LTA) that came into force from 6 April 2016.
Since the Lifetime Allowance (LTA) reduced again to £1 million at 6 April 2016, there has been an increase in the use of excepted group life policies (EGLPs) for employees who already have a high level of benefit in a registered pension scheme.
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.