Specialist Pensions
Organon offers a range of solutions for your retirement planning needs.
Small Self-Administered Scheme (SSAS)
A SSAS is a Registered Pension Scheme, the members of which are usually owners, directors or key employees of a sponsoring employer. Whilst subject to the same rules relating to contributions and benefits as conventional insured arrangements, the SSAS affords much greater flexibility and control over the investment of the scheme’s assets.
Self-Invested Personal Pension (SIPP)
Similar in many respects to a SSAS, a SIPP is a personal pension arrangement with no sponsoring employer. A SIPP can offer much the same flexibility as a SSAS but great care needs to be taken when choosing a provider. Not all SIPPs offer the same features, with different providers producers different models of SIPP to suit their particular business model.
Group Occupational Pension Schemes
A group occupational pension scheme is a registered pension scheme having a sponsoring employer, for the benefit of a group of employees. Benefits provided can be on a defined benefits basis or a defined contribution basis or a combination of the two.
Cash options for SIPPs and SSASs
With interest rates for savers at an all-time low, the base bank account for a client’s SIPP or SSAS will be paying little or no interest. We have therefore researched which banks and building societies offer better rates and details of some of these are given here.
Qualifying Recognised Overseas Pension Scheme (QROPS)
The concept of QROPS was introduced by H M Revenue & Customs in April 2006 in order to regulate the transfer of pension assets overseas. Interest in QROPS has grown and grown along with the recognition that the UK is experiencing a significant exodus of pensioners retiring overseas, many of whom would benefit significantly from removing their pension rights from UK jurisdiction.
London & Colonial QROP Annuity
The London & Colonial QROP Annuity is a form of investment-linked annuity aimed at UK expatriates who have already transferred to a QROPS and offers the potential to maximise the tax-efficiency in the country of residence of pension income taken whilst mitigating possible UK Inheritance Tax on UK-domiciled individuals.