Defined Benefit Occupational Schemes
Self Invested Personal Pensions (SIPP's)
Defined Benefit Occupational Schemes
Defined Benefit (or Final Salary) Pensions pay a pre defined inflation linked amount
Defined Contribution Schemes
Self Invested Personal Pensions (SIPP's)
Defined Benefit Occupational Schemes
Defined Contribution Schemes, whether employer or privately funded, will provide benefits determined by the value of the plan at retirement
Self Invested Personal Pensions (SIPP's)
Self Invested Personal Pensions (SIPP's)
Self Invested Personal Pensions (SIPP's)
Similar scheme particulars to defined contribution scheme a SIPP allows individuals wider and more flexible investment choice
International Pension Plans (IPP's)
Recognised Overseas Pension Schemes (ROPS)
Self Invested Personal Pensions (SIPP's)
Often based in British overseas territories, IPPs were schemes that catered towards non-domiciled individuals that had UK exposure. Retirement age and taxation will depend heavily upon residency and scheme set up.
Recognised Overseas Pension Schemes (ROPS)
Recognised Overseas Pension Schemes (ROPS)
Recognised Overseas Pension Schemes (ROPS)
Similar to a SIPP in regards to investment opportunities a ROPs sits outside of the UK which can give rise to advantageous tax planning
Qualified Non-UK Pension Schemes (QNUPS)
Recognised Overseas Pension Schemes (ROPS)
Recognised Overseas Pension Schemes (ROPS)
A QNUPs can have contributions that are not elible for UK tax relief added. Individuals are allowed to contribute any amount that will be used as an income in retirment