B
BadSink
Guest
Hi,
I am self employed and operate as a Limited Liability Company (Company Director)
I make a good contribution to my pension each month.
I recently found out that, as a company director, some pension funds allow
the pension to be passed onto the children when both parties die.
One of these is run by Davy Stockbrokers, described by them as:-
"Davy Executive Pension portfolio, a self-administered pension fund designed to meet the needs of company directors."
Among other things, they describe the following:-
"At retirement, your fund can be transferred to an Approved Retirement Fund (ARF) as opposed to securing an annuity with a life assurance company. An ARF will continue to grow tax free after retirement whilst you retain full access to your funds. On your death, an ARF investment can be passed to your wife tax free or to your children who will be subject to a once off 20% tax liability assuming they are over 21 years of age."
Do all Pension funds allow this facility to their clients?
Many thanks,
BadSink
I am self employed and operate as a Limited Liability Company (Company Director)
I make a good contribution to my pension each month.
I recently found out that, as a company director, some pension funds allow
the pension to be passed onto the children when both parties die.
One of these is run by Davy Stockbrokers, described by them as:-
"Davy Executive Pension portfolio, a self-administered pension fund designed to meet the needs of company directors."
Among other things, they describe the following:-
"At retirement, your fund can be transferred to an Approved Retirement Fund (ARF) as opposed to securing an annuity with a life assurance company. An ARF will continue to grow tax free after retirement whilst you retain full access to your funds. On your death, an ARF investment can be passed to your wife tax free or to your children who will be subject to a once off 20% tax liability assuming they are over 21 years of age."
Do all Pension funds allow this facility to their clients?
Many thanks,
BadSink