If you are a Senior Executive or Director of your firm, you may have the option to set up a personal pension scheme into which contributions can be paid and/or transfers from existing pension arrangements can be made.
What is a Self-Administered Scheme?
A Self-Administered Scheme is a tax efficient occupational pension which is set up under trust for the benefit of a single member.
- It is set up to receive contributions paid by the company and/or you:
- Contributions paid by the company will qualify for corporation tax relief (within certain limits)
- Contributions paid by you will qualify for income tax relief (within certain limits)
- Tax-free investment returns:
- No Capital Gains Tax when you sell your assets
- No Exit Tax when you exit a third party investment fund
- No Income Tax on dividends or coupon payments
- Flexible benefits at retirement which can include:
- A once-off tax-free lump sum (within certain limits) and one of the following
- An annuity and/or
- A transfer to an Approved Retirement Fund or
- A taxable lump sum (subject to PAYE)
The Davy Self-Administered Scheme
The Davy Self-Administered Scheme provides:
Click here to learn more about the risks that prospective investors should consider prior to making a decision to invest in a pension or retirement product.
Warning: The value of your investment may go down as well as up.