pensions & retirement

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International Pension Planning International Pension & Retirement Planning Geneva London Paris Brussels Monaco Nassau

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Page 1: Pensions & Retirement

International Pension Planning

International Pension & Retirement Planning

Geneva London Paris Brussels Monaco Nassau

Page 2: Pensions & Retirement

International Pension PlanningInternational Pension Planning

What are the Benefits of International Pension & Retirement Planning?

Build your retirement pension & health needs fund by regular contributions

Enjoy Greater Global Diversification and the Risks against Currency Fluctuations

Minimise UK Inheritance Tax (IHT)

Fully portable form Country to Country

Greater flexibility in terms of how & when you draw down your benefits

Higher Growth Rates & Reduced Administration Costs vis a vis UK Plans

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 3: Pensions & Retirement

International Pension PlanningInternational Pension PlanningAbout Our Pension & Retirement PlansWe offer Expatriates and UK residents (whether domiciled or not) a range of pension planning options.

Our principal pension plans are the International Pension Plan, QROPS and QNUPS.These plans have a proven track record of reliable growth and tax minimisation.

These plans are not mutually exclusive meaning it is possible for a client to have all 3 plans under certain circumstances.

International Pension Plans are designed to offer consistent, long-term growth and can be combined with a QROPS and/or QNUPS.

QROPS (Qualified Recognised Overseas Pension Schemes) allow holders to transfer their pension assets into an overseas scheme that enables lower tax rates and withdrawal of greater benefits.

QNUPS (Qualifying Non-UK Pension Schemes) allow holders to transfer a broad range of assets into the plan e.g. property, stocks, shares and artworks, as well also potentially enabling a lower rate of inheritance tax.

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 4: Pensions & Retirement

Principal Benefits of an International Pension Plan

International Portability

Global & Currency Diversification

Denominated in the Currency of your choice

Comprehensive individual control

A personally assigned pension plan advisor

Choice of investment funds

Ability to view pension plan performance 24/7 online

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 5: Pensions & Retirement

Principal Benefits of QROPS

Tax Free Cash Lump Sum – 25% on retirement, 30% if resident outside the UK for over 5 years

No requirement to buy an annuity

Income drawdown based on UK GAD rules

0% Tax on death pre-retirement

Significant Estate planning opportunities

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 6: Pensions & Retirement

Principal Benefits of QNUPS

No limit on contributions into the scheme

Excellent retirement planning structure

No requirement to buy an annuity

Assets held in plan grow free of taxation

Upon death your chosen beneficiaries will receive the assets from the QNUPS

You do not need to receive an income directly from employment to allow you to make a contribution

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 7: Pensions & Retirement

Why Pryce Warner International Group?

Over 40 Years Experience In Dealing with the Needs of Expats Throughout the World

Greater Control over Your Investment Management

Greater Breadth of Investment Opportunities

Increased Estate Planning Opportunities

QROPS services provided In Malta, Gibraltar, Isle of Man. These HMRC approved jurisdictions have the highest levels of regulation and securityQNUPS are also available through Guernsey

Transparent Costs

Clear & Concise Investment Reporting

24/7 Web Access to Accounts

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 8: Pensions & Retirement

Investment Options

Our Clients have a wide range of investment options available to them and in order to ensure these are fully taken advantage of, we offer a Professional Review & Advice service.

Particular attention will be paid to your withdrawal requirements & the currencies required.

Our investments are currency and globally diversified.

Freedom to manage the assets within the plan in accordance with ever-changing financial situations.

Direct access to your own pension plan advisor

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 9: Pensions & Retirement

Our Fund Performances as at 31st December 2013

Global Financial Expertise Wherever You Are www.prycewarner.com

Performances are Shown in %Annual Compound Rates of Growth

See next slide for relevant fund details

Page 10: Pensions & Retirement

Pryce Warner lnternational Growth PortfolioThis Portfolio is a Multi-Currency Globally Diversified Equity Portfolio providing comprehensive access to markets around the world & provides a suitable structure for investors requiring regular income provision.

Pryce Warner lnternational Growth & lncome PortfolioThis Portfolio is a Multi-Currenry Globally Diversified Equity Portfolio providing comprehensive access to markets around the world whilst at the same time providing added focus for the regular income needs of investors.

Pryce Warner lnternational Bond & lncome PortfolioThis Portfolio is a Multi-Currency Globally Diversified Portfolio providing comprehensive access to Bond & lncome Producing lnvestments around the world whilst at the same time providing for the regular income needs of investors.

Pryce Warner lnternational Property & lncome PortfolioThis Portfolio is a Multi-Currency Globally Diversified Property Portfolio providing comprehensive access to property markets around the world. The portfolio allows complete liquidity whilst at the same time accessing & investing in the global property markets in a diversified & balanced manner.

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 11: Pensions & Retirement

Pryce Warner International Group Reporting Requirements to HMRC

QROPS: If the member has been a UK resident at any time in the past 5 years full reporting must be maintained by the pension trustee

There are no reporting requirements by the Pryce Warner International Group QROPS Trustees once the member has been outside of the HMRC tax regime for 10 years

QNUPS: There are no reporting requirements to HMRC when setting up a QNUPS.

QNUPS are available in non-UK jurisdictions where the pension arrangement offered meets the HMRC criteria for being a QNUPS

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 12: Pensions & Retirement

QROPS Application Process

Complete a Pryce Warner International Group QROPS application form

Pryce Warner International Group will review your existing Pension Plans/SIPPs

PWI Produces a Written Proposal stating all charges

Proposal is Discussed with the Applicant

Applicant receives all Transfer Documentation for Completion and Submission to PWI including Copy of Passport & Proof of Address

Pension Plans & SIPPs are Transferred into the QROPS Plan

Clients can then view their Accounts online 24/7

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 13: Pensions & Retirement

QNUPS Application Process

Complete a Pryce Warner International Group QNUPS application form

We Will Review the Assets you Propose putting into the QNUPS

PWI Produces a Written Proposal stating costs involved

Proposal is Discussed with the Prospective Client

Client Submits Copy of Passport & Proof of Address

Client receives all Transfer Documentation for Completion and Submission to PWI

Assets are Transferred into the QNUPS Plan

Clients can then view their Accounts online 24/7 &/or receive quarterly reports

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 14: Pensions & Retirement

QROPS Transfer Process

Your Pension Plan receives instructions from PWI QROPS Trustees for Transfer

Same as transfer between UK schemes

Benefits transferred in cash or in-species

UK Plan/s advises HMRC of an overseas transfer

Pension Plan trustees implement reporting requirements to HMRC

Personal pensions, occupational pension schemes, schemes in drawdown and final salary schemes are accepted

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 15: Pensions & Retirement

QNUPS Transfer Process

Benefits transferred in cash or in-species

Assets that can be transferred include; residential or commercial property, works of art, cash, cars, equity investments and shares.

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 16: Pensions & Retirement

QROPS Transfer Fees

Initial Set up Fee £750*Initial Fees are a one off and include obtaining due diligence in accordance with our regulatory requirements, preparation and completion of all necessary documentation for the trustees and previous administrator, monitoring the application process and liaising with your advisor.

Annual Trustee Administration Fee £750*The Trustee administration is charged annually in arrears on 30th September for the provision of services which includes the management of the fund, annual accounts and the trustee responsibility fee. These fees do not apply to specialised investment assets or where they are held with an offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce Warner International Group Limited fee schedule as in force at the time. Any additional professional work requested by the Member will be quoted for in advance. These fees will be calculated by reference to the time, complexity, urgency and responsibility of the work required.

Termination of QROPS or Transfer Fee £2000*Upon transfer of the QROPS to another administrator a termination fee will be applied to attend to all matters with regard to the transfer as required.

*These are our current fees and reflect provider rates, though these may be subject to change

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 17: Pensions & Retirement

QNUPS Fees

Initial Set up Fee £1250 (min)Initial Fees are one-off, in advance and include obtaining due diligence in accordance with our regulatory requirements, preparation and completion of all necessary documentation for the trustees and previous administrator, monitoring the application process and liaising with your advisor.

Annual Trustee Administration Fee £1250 (min)The Trustee administration is charged annually in advance for the provision of services. These fees do not apply to specialised investment assets or where they are held with an offshore company (e.g. property and private equity). Fees will be in accordance with the Pryce Warner International Group Limited fee schedule in place at the time. Any additional professional work requested by the Member will be quoted for in advance. These fees will be calculated by reference to the time involved, complexity and the specific requirements of the work required.

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 18: Pensions & Retirement

International Pension Plan Application

Provide via our secure Website your financial information

State the amount that you wish to contribute monthly

State your age and the period of intended contributions

We will formulate a proposal and a range of pension plan projections

When these have been approved and accepted by the client, your advisor will guide you through the application procedures

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 19: Pensions & Retirement

In summary…

We are an INDEPENDENT Consultancy Group with over 40 YEARS experience

We have a PROVEN TRACK RECORD

We work with the WORLD’S BEST INVESTMENT MANAGERS

We provide a PERSONAL SERVICE for our clients

24/7 Online Access to Accounts

We are Happy to Provide Existing Client Testimonials to New Clients

ARE YOU ON THE RIGHT TRACK FOR YOUR FINANCIAL FREEDOM & INDEPENDENCE?

Global Financial Expertise Wherever You Are www.prycewarner.com

Page 20: Pensions & Retirement

International Pension Planning

International Pension & Retirement Planning

Geneva London Paris Brussels Monaco Nassau