Umbrella Pension Trust
Umbrella Pension Trust
Whilst pension regulation is extremely rigid, an Umbrella Pension Trust is designed to deliver freedom in pension planning by means of employing the most up-to-date legislation and incorporating with sophisticated Remuneration Trust strategies.
By employing expertly constructed trust mechanisms, that satisfy legal requirements, access to pension funds can be brought within your control.
An Umbrella Pension Trust is designed to provide access to apparently untouchable and substantial capital since the trust established will not be limited by UK pension rules.
The Umbrella Pension Trust Solution
Making use of a number of the most recent regulations in addition to a specialist Remuneration Trust, enables your pension wealth to be transferred, within statutory safeguards, into a completely protected environment. By building a tax exempt employer company the pension wealth is paid over to that tax exempt employer company, tax-free by statute. There is now absolutely free use of that former pension wealth.
Meaning:
- Tax free access to Pension wealth.
- Flexibility of investment decision (such as loans, purchases of property in UK or abroad).
- No mandatory annuity purchase.
- Assets are free from taxation to use and benefit from along with chosen beneficiaries both before and after death.
- No shadow annuity purchase (unsecured pension).
- Tax free growth.
- Tax free fund accessible to post-death beneficiaries and ongoing tax free status.
- Permits tax free loans to members of the prior pension.
- Enables tax free loans to family members (however, just take funds to spend).
- Debts from the loans will offset any IHT on the balance of property within your estate.
- Other personal assets you possess could be transferred into the trust’s tax free environment.
- The trust can buy appreciating assets in a United kingdom taxpayer’s estate with no tax implications for the individual or the trust.
- No tax avoidance as full disclosure to HMRC.
- Never challenged by HMRC in the Courts.
How The Umbrella Pension Trust Works
The Administrator collects the members contributions and puts them into the trust. The trust then passes the funds back to the Administrator who then passes the funds to the member in a fiduciary capacity. The Umbrella Pension Trust benefits from all of this being transacted safely within pensions regulations.
General Guidance For The Umbrella Pension Trust
The content presented here is of a general nature, and utilizing an Umbrella Pension Trust is actually a complicated area, demanding specialized knowledge.
Consequently, our recommendation is that professional guidance is sought for every unique set of circumstances of your Business and employees. We will not accept any legal responsibility for any action taken resulting from the information contained herein, and this isn’t supposed to be a comprehensive legal declaration in respect of the common use of Umbrella Pension Trusts. No Umbrella Pension Trusts are recommended here, in fact an Umbrella Pension Trust may not be suitable for your particular circumstances.
Professional advice is offered through Stuarts Green Consultancy. Please speak to us for further information; we will be pleased to discuss Umbrella Pension Trust suitability for your circumstances in greater detail.
0800 1300 534
