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Simple guide and advice for anyone with a UK Pension
Citation preview
2. Contents
Introduction ............................. 3
What you should do ................ 6
What you should not do .......... 11
About Aisa ............................... 22
Awards ...................................... 27
Customer Charter .................... 28
Contacts ................................... 39
WELCOME TO THE AISA GROUP
2
3. WELCOME TO THE AISA GROUP
The do's and donts of UK pension transfers
3
4. WELCOME TO THE AISA GROUP
The do's and donts of UK pension transfers
An Increasing numbers of UK Expats are switching their pensions.
The reasons vary, with some lookingfor better fund performance,
reduce tax liability, lower charges, and increase benefits to their
family.
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5. The do's and donts of UK pension transfers
An Increasing numbers of UK Expats are switching their pensions.
The reasons vary, with some lookingfor better fund performance,
reduce tax liability, lower charges, and increase benefits to their
family.
Whatever the reason, if you're thinking of transferring
a pension, it's important you first take expert advice. Before you
do that, here are a few do's and don'ts.
WELCOME TO THE AISA GROUP
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6. WELCOME TO THE AISA GROUP
6
What you should do
7. WELCOME TO THE AISA GROUP
What you should do
Go to a specially licensed independent financial adviser.
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8. WELCOME TO THE AISA GROUP
What you should do
Go to a specially licensed independent financial adviser.
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9. WELCOME TO THE AISA GROUP
What you should do
Go to a specially licensed independent financial adviser.
Consider your retirement options. Are you intending to retire
early? Check if the scheme to which you are switching has the
flexibility to handle your requirements.
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10. What you should do
Go to a specially licensed independent financial adviser.
Consider your retirement options. Are you intending to retire
early? Check if the scheme to which you are switching has the
flexibility to handle your requirements.
Check on the financial position of your old scheme. If it is in
surplus (it has more assets than pension liabilities) it may be
advisable to stay with the scheme.
WELCOME TO THE AISA GROUP
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11. WELCOME TO THE AISA GROUP
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What you shouldn't do
12. WELCOME TO THE AISA GROUP
12
What you shouldn't do
Don't switch from your existing occupational pension scheme into
which both you and your employer are currently making
contributions. No private pension scheme can match the benefits
provided by your employer. A transfer should only be considered if
you have left your employer.
13. WELCOME TO THE AISA GROUP
13
What you shouldn't do
Don't switch from your existing occupational pension scheme into
which both you and your employer are currently making
contributions. No private pension scheme can match the benefits
provided by your employer. A transfer should only be considered if
you have left your employer.
Don't transfer from a public sector pension scheme, such as the
nurses' or the teachers' scheme, even if you left their employment
several years ago.
14. What you shouldn't do
Don't switch from your existing occupational pension scheme into
which both you and your employer are currently making
contributions. No private pension scheme can match the benefits
provided by your employer. A transfer should only be considered if
you have left your employer.
Don't transfer from a public sector pension scheme, such as the
nurses' or the teachers' scheme, even if you left their employment
several years ago.
WELCOME TO THE AISA GROUP
These schemes are guaranteed against inflation no matter how much
it rises in future. Unlike other schemes they also allow "linking"
of different service years if someone returns to teaching or
nursing after several years' absence. Some companies place a
blanket ban on accepting transfers from these schemes, in the
knowledge that the benefits cannot be matched.
14
15. WELCOME TO THE AISA GROUP
15
What you shouldn't do
16. WELCOME TO THE AISA GROUP
16
What you shouldn't do
Don't transfer from a pseudo-public sector scheme, such as the
Mineworkers' or Water schemes. These offer extremely generous
range of benefits which are difficult to match elsewhere.
17. WELCOME TO THE AISA GROUP
17
What you shouldn't do
Don't transfer from a pseudo-public sector scheme, such as the
Mineworkers' or Water schemes. These offer extremely generous
range of benefits which are difficult to match elsewhere.
Don't transfer without checking the death benefits of the former
scheme, which may not be matched in a personal pension without
having to buy a life insurance policy.
18. What you shouldn't do
Don't transfer from a pseudo-public sector scheme, such as the
Mineworkers' or Water schemes. These offer extremely generous
range of benefits which are difficult to match elsewhere.
Don't transfer without checking the death benefits of the former
scheme, which may not be matched in a personal pension without
having to buy a life insurance policy.
WELCOME TO THE AISA GROUP
Don't transfer if your previous employer's scheme was money
purchase, where your pension depends on the amount in your fund at
retirement. These are effectively already a personal pension and a
transfer to another personal pension is unlikely to be
advisable.
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19. WELCOME TO THE AISA GROUP
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What you shouldn't do
20. WELCOME TO THE AISA GROUP
20
What you shouldn't do
Don't transfer if you have just a small amount of money accrued in
your former pension. It's only worthwhile considering a transfer
if
the amount is worth more than 10,000. The cost of a transfer is
usually about 5 per cent of the total pension pot, paid out
in
commission to the adviser and charges by the pension
provider.
21. What you shouldn't do
Don't transfer if you have just a small amount of money accrued in
your former pension. It's only worthwhile considering a transfer
if
the amount is worth more than 10,000. The cost of a transfer is
usually about 5 per cent of the total pension pot, paid out
in
commission to the adviser and charges by the pension
provider.
Don't switch if you are less than ten years to retirement, unless
the benefits of income drawdown (avoiding low annuity rates by
keeping your pension pot invested) outweigh the benefits of a
secure payout.
WELCOME TO THE AISA GROUP
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22. WELCOME TO THE AISA GROUP
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WELCOME TO THE AISA GROUP
23. WELCOME TO THE AISA GROUP
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WELCOME TO THE AISA GROUP
AisaInternational
The philosophy of business: to assist clients in successfully
managing their capital, to safeguard it and to make investments.
Aisa International is a financial services company, licensed and
regulated in the Czech Republic by the Czech National Bank. It is
also a member of AFIZ (Association of Financial Advisers and
Mediators of Czech Republic).
24. WELCOME TO THE AISA GROUP
AisaInternational
The philosophy of business: to assist clients in successfully
managing their capital, to safeguard it and to make investments.
Aisa International is a financial services company, licensed and
regulated in the Czech Republic by the Czech National Bank. It is
also a member of AFIZ (Association of Financial Advisers and
Mediators of Czech Republic).
It has an office in Prague, and is the sister company of
AisaProfessional (UK).The aim of Aisa International is to work
throughout Central and Eastern Europe with discerning individuals
and companies who require the expertise and knowledge of
professional UK trained and qualified financial advisers. Aisa
International is able to offer these services to private
individuals, businesses and institutional investors such as
government and state bodies.
WELCOME TO THE AISA GROUP
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25. WELCOME TO THE AISA GROUP
AisaProfessional
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26. WELCOME TO THE AISA GROUP
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AisaProfessional
AisaProfessional Is a UK authorised and regulated firm of
Independent Financial Advisers established in 1999. Since being
established, it has built a reputation for a high quality advice
and service to individuals, business owners and institutional
investors such as government agencies and pension funds. All
advisers work towards achieving the highest qualifications
available. The firm advises on many millions of dollars in a wide
range of investments and across a wide range of tax
jurisdictions.
27. WELCOME TO THE AISA GROUP
27
AisaProfessional
AisaProfessional Is a UK authorised and regulated firm of
Independent Financial Advisers established in 1999. Since being
established, it has built a reputation for a high quality advice
and service to individuals, business owners and institutional
investors such as government agencies and pension funds. All
advisers work towards achieving the highest qualifications
available. The firm advises on many millions of dollars in a wide
range of investments and across a wide range of tax
jurisdictions.
28. Awards by the Aisa Group
WELCOME TO THE AISA GROUP
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29. WELCOME TO THE AISA GROUP
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Customer Charter
We provide a customer charter to our clients, and we offer the most
competitive terms, bettering any legitimate deal that can be
evidenced.
The Main Benefit To You
The Aisa Group deal exclusively with pension providers that comply
with both the spirit and the letter of the UK QROPS regulations. We
believe this to be in the best interests of our clients and in our
ownprofessional best interests. Uniquely we offer the best of the
UK IFA spectrum, with our international experience
30. WELCOME TO THE AISA GROUP
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The advice we provide is free and without obligation.
Please email us at [email protected] request a free no
obligation consultation with one of our professionally qualified
pensions advisers.
If youre in a hurry, why not call
Cornel on: 0420 222 361 850