9th February 2011 – Opportunities in a new pension world
With a plethora of changes being introduced from April 2011 regarding Pensions, Teresa Wood, Adviser for Blue Sky Financial Planning, hosted a joint seminar in conjunction with Bournemouth based Chartered Certified Accountants, Paget Reid York.
The seminar covered the change to the Pensions rules and the impact on employees and employers. The guest speaker, specialist tax consultant Martin Ingles, explained how the new Pension rules will impact on contribution levels and included information on the new carry forward facility, which allows investors to use and unused contributions allowances from the last three years. In addition he also provided an insight into the impact on final salary schemes and how this will affect high earners in particular.
Martin closed by explaining the changes in the drawdown rules, including such changes as flexible drawdown, which allows a client to take an unlimited level of income providing they have a guaranteed income of £20,000 or more annually.
James Paget, from Paget Reid York gave an insight into SSAS vs. SIPP schemes, detailing the benefits of each scheme and the borrowing capacity and types of assets which can be held within each scheme.
The seminar was concluded by Gary Neild, Managing Director of Blue Sky Financial Planning who gave an overview of how financial institutions and successive governments have failed the general public. He explained how through bespoke investment management strategies and continual assessment and dedicated research, Blue Sky are able to offer an alternative approach to financial planning.
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