pension freedoms

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The Business Journey16 February 2016

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Business Journey Partners

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Sam Henderson

Pension FreedomsBuilding another Business

Control of your Money

Sam Henderson

Chartered Financial Planner

Pension FreedomsMuch More Flexibility:

Taking Benefits

Passing to Successors

Capital Gains Tax

COMPANY A

Income Tax

Corporation Tax

T A X

Company A

Company B

No Tax

No Tax Within

25% TFC

Pension

Marginal Rate

No IHT

Input How Much? (£40k pa) Carry forward last 3 years Only if qualifying pension

Investment choices: A) Insured pension - leave to adviser B) Platform - you choose shares/funds C) SIPP - commercial property/private shares D) SSAS – even more investment flexibility

Control

Age contributions are started £200 per month contribution

Fund value at age 65

£500 per month contribution

Fund value at age 65

25 £393,714.44 £984,286.10

35 £201,124.30 £502,810.60

45 £93,582.54 £233,956.36

55 £33,531.94 £83,829.86

Figures retrieved from https://www.unbiased.co.uk/cost-of-delayAssumptions below

Assumptions:

These figures are based on a Stakeholder Pension and assume a yearly growth rate of 7% with fund charges of 1% each year. Your pension plans may grow at a lower or higher rate than 7%.

We've assumed that your contributions are level and don't increase in line with inflation over the time that you save.

Tax rules can change. The value of an investment is not guaranteed and can go up as well as down depending on investment performance (and currency exchange rates where a fund invests overseas). You could get back less than you invested.

The value of an investment can fall as well as rise and you may get back less than you have invested. 

The Financial Conduct Authority does not regulate taxation and trust advice. HM Revenue & Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Sam Henderson07710 520 307

Henderson Stone & Co Ltd 0141 352 7800

www.hendersonstone.co.uk

samh@hendersonstone.co.uk

Henderson Stone & Co Ltd is an appointed representative of Caerus Financial Limited, which is authorised and regulated by the Financial Conduct Authority. FCA Number 226516. Registered in Scotland SC291164.

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Sam Henderson Questions?