IFA Direct Home launch a new video on You Tube to explain the process from booking a Pension Appointment to the IFA making a recommendation. We hope you enjoy it!
Ryan Mellor, Co-founder at IFA Direct Home
If you are a financial advisor and you would like to work with us, please visit RMT Direct.
Following changes to the pensions in April 2015, where inheritance thresholds were increased to £1 million per couple and persons can now cash in their pensions without having to purchase an annuity at 55. IFA Direct has seen a marked increase in the number of requests for Occupational Pension appointments in June 2015.
What does this mean?
From the pension appointment, you can get complete access to the transferred value of the fund
You can choose how the benefits are taken
You can take advantage of the new flexi access rules that allow you to decide how much you draw from your pension
It can allow you to take benefits from any age after 55 (rather than restricted to the final salary scheme rules usually age 65)
It could give greater tax-free cash
Transfer values could be higher at present because of low gilt yields
After death keep 100% of the benefits accrued in the scheme for your loved ones
Ryan Mellor, Co-founder at IFA Direct
If you are a financial advisor and you would like to work with us, please visit RMT Direct.
