We were approached by a company, who’s six directors had invested into a scheme which left them with that feeling.

On paper it looked like a great scheme, where-by the companies premises were incorporated into the pension pot. The company then paid rent into the pension scheme, helping it grow whilst reducing the companies tax bill.

Great idea.

Except this didn’t account for the retirement plans of the directors.

Their ages varied greatly. So what was going to happen when one was ready to retire?

Before this became a problem we arranged to transfer the assets from the company scheme into individual SIPP (Self Invested Personal Pension) arrangements.

Moving to individual SIPP’s offers the following benefits:

1) You have control of your pension

Unlike in the company scheme, you now have control of the invested assets. The decisions of how and when to take your benefits are down to you. This is of particular benefit if you are forced to retire early due to ill health.

2) You can diversify your investments

Reduce the reliance of one asset class (in this case, commercial property). You can then explore alternative investment strategies that are not correlated to traditional investment.

3) Your pension becomes fully portable

When your pension is in an individual scheme it can be transferred, should you change employment.

Our clients are so pleased with the new scheme, one of them stated (name withheld for privacy reasons):

“We were happy with our original scheme, but as time went on the realisation of what was ahead dawned on us. Ralph met with us all and within a short amount of time had arranged a scheme that solved everything. We couldn’t be happier.”

The message here is clear. It’s always worth checking how your retirement plans are going to give you the best return.

We can help you. Call on 0844 848 227 and we can start on your Life Plan today.