Our Self Invested Personal Pensions (SIPP) and Small Self-Administered Schemes (SSAS) are used by people wanting to invest their pension money in commercial property or with discretionary fund managers.
Our SIPP allows individual investors to access a huge range of investments including direct investment into commercial property and accounts with many Discretionary Fund Managers. As of March 2016, we have over 3,500 SIPPs holding £1.33 billion AUA and 1,100 properties.
Our SSAS allows business owners to lend back half of their pension savings to their business on top of the investment options available to our SIPP investors. As of March 2016, we have over 2,300 SSASs holding £4.1 billion AUA, 2,500 SSAS properties and around 100 new loan-backs per annum.
We help people with legacy Funded Unapproved Retirement Benefit Schemes (FURBS). This work includes getting paperwork in order, advising on investment options and closing down schemes where members want to draw benefits.
In a Policy Paper released after the Budget speech, the government states that it "believes that an MPAA of £4,000 should allow individuals who need to access their pension savings to rebuild them if they subsequently have opportunity to do so”.
The closing date to apply for IP14 of 5 April 2017 is fast approaching! We look at who can apply for IP14, what it protects, how to apply for it, how to calculate if you have sufficient benefits in order to apply for it, and if IP14 can ever be lost.
SSASs have been used as a pension vehicle for scammers in the past, but the issue is largely dealt with and certainly there are not 750,000 problem schemes out there, as implied by The Pensions Regulator.
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.
Many members who have a SSAS or SIPP also have pension savings held elsewhere. Their natural question is whether those savings should form part of their SSAS or SIPP as well, by accepting a transfer value and paying it in.
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.
In place of a threatened radical overhaul to pensions tax relief, Budget 2016 introduced numerous smaller measures impacting pension savings. Our webinar hosted will guide you through the latest updates following the budget.
Without warning, new Government Actuary’s Department tables for capped drawdown suddenly appeared from HM Revenue & Customs (HMRC) on 18 January 2017. This case study reviews what impact changes to the GAD tables might have on 65 year old Donald.
Employer loan-backs are the unique feature of a SSAS. As the following case study serves to illustrate, SSAS loan-backs continue to offer an alternative source of finance for businesses, and an attractive investment for the SSAS member trustees.
This case study examines the effect on existing regular contributions where the Pension Input Period (PIP) is already aligned with the tax year, using ‘Fred’ and his Self-Invested Personal Pension Plan (SIPP) as an example.
Barnett Waddingham are now working with Hettle Andrews, an independent firm of insurance brokers with Chartered Status, to put together an option for commercial property insurance - vital for any SIPP or SSAS invested directly in commercial property.
We are proud and delighted that our Small Self-Administered Scheme (SSAS) and Flexible Self-Invested Personal Pension (SIPP) have been recognised by Moneyfacts in their Star Ratings for 2017.
Barnett Waddingham is delighted to have been named 'Highly Commended' in the Best SSAS Provider category at this year's Investment Life & Pensions Moneyfacts Awards.
Our SIPP and SSAS seminars are back for spring 2017 - we promise to leave you with plenty of food for thought...… twitter.com/i/web/status/8…3 days, 17 hours
Our finest technical experts will focus on a selection of hot topics & issues - handpicked by you when you register… twitter.com/i/web/status/8…1 week, 3 days
We remain committed to SSAS & believe in their potential usefulness. Problems can be addressed in targeted ways ftadviser.com/personal-pensi…2 weeks, 2 days