Personal Pension Plans
Willow provides personal customers with a range of pension products through our specialised pension team at Belvedere Pensions. Depending on personal circumstances, the International Pension Plan (‘IPP’), Qualifying Recognised Overseas Pension Scheme (‘QROPS’) and Qualifying Non–UK Pension Scheme (‘QNUPS’) will between them usually provide a mechanism to help plan for tax-efficient pension arrangements. For example, the use of the appropriate structure may obviate the need to purchase and annuity and may facilitate the ability to take a portion of the pension as a lump-sum, whilst ensuring that any residual value in the pension plan after the member’s death can be left for the benefit of other family members. These and other advantages are more fully explored on the Belvedere website.
HMRC are continuing to review all QROPS designated pension schemes. Until the full implications of this review have been made clear, we have elected to remove any advisory content from our pensions website. We shall of course provide a full update as soon as possible.
In the meantime should you have any questions please contact us in the usual manner using the "Contact Us" link.