Offshore Group Pensions

LET US HELP SECURE THE

FUTURE OF YOUR WORKERS

ABOUT OUR GROUP PENSIONS

We make setting up your company pension easy and straightforward.

 

Setting up a company pension scheme is a great way for employers to help to attract and then keep valuable employees, and it is indeed seen as a very attractive bonus benefit by employees when trying to decide on which employment opportunity to take.

 

We have set up many international group schemes for numerous different companies over the years, and we ensure that we do it all with the minimum of administration work for our clients. We are specialists in offshore jurisdictions and we use our extensive knowledge in this field, as well as our long-term exclusive agreements with some of the world’s most prominent pension providers, to identify the most appropriate pension scheme for your company.

 

We are experts in setting up flexible, portable, and, even more importantly, the most tax efficient company group pension schemes.

 

For further information and independent advice, please contact one of our Whitmore advisors.

Your options when you retire

You can access and use your pension pot in any way you wish from age 55.

You can:

  • Take a quarter of your pot as a tax-free lump sum and then convert some or all of the rest into a taxable retirement income (known as an annuity).
  • Take your whole pension pot as a lump sum in one go. A quarter will be tax free and the rest will be subject to tax at your normal tax rate. Bear in mind that a large lump sum could tip you into a higher tax bracket for the year.
  • Take lump sums as and when you need them. A quarter of each lump sum will be tax free and the rest will be subject to tax at your normal tax rate. Bear in mind that a large lump sum could tip you into a higher tax bracket for the year.
  • Take a quarter of your pension pot (or of the amount you allocate for drawdown) as a tax-free lump sum, then use the rest to provide a regular taxable income.

 

The size of your pension pot and amount of income you get when you retire will depend on:

 

  • How long you save for
  • How much you pay into the fund
  • How much you take as a cash lump sum(s)
  • How well your investments have performed
  • How much, if anything, your employer pays in
  • What charges have been taken out of your fund by your pension provider