You Spoke, We Listened, We Acted!
In April 2022 we introduced our new client feedback system - Customer Voice. This system allows our clients and advisors to actively rate our service and provide suggestions on how we can improve our processes.Since its introduction we have been consistently monitoring your…Read more
Reduce Tax Liability Overnight with ITC Nexus
With the Revenue online tax filing deadline approaching, the inevitable question arises as to how to reduce the tax bill. Tax relief on pension contributions is still one of the best answers. If your client does not have a pension scheme or if the existing pension provider…Read more
UK Pension Transfers Post Brexit
Over the last decade we have seen a number of moves from the U.K. Government to make it more difficult to move pension schemes out of the country and also out of Defined Benefit (DB) schemes.As discussed in an article pre-Brexit, this started with removing the ability to…Read more
Key Points You Need to Know About Pension Property - Part 2
In part 1 of this blog, we discussed what is pension property, why consider it, why now and what are the benefits. If you have yet to read part 1, please click here.5. What are the rules?The sole purpose of the investment must be to provide benefits on retirement. It…Read more
Key Points You Need to Know About Pension Property - Part 1
Saving for retirement is an important part of retirement planning. The sooner you begin saving, the better prepared you will be for your retirement – and the more benefit you will receive from the available pension tax reliefs. Effective investment of your pension scheme is…Read more
What Are My Options If My Pension Scheme Has Insufficient Funds to Purchase Property?
Property investments in self-administered pensions have long been a specialty of ITC, and many of our clients have benefited from the strong yields generated by buying property with their pension funds. The tax benefits of purchasing property through your pension scheme…Read more
Pension Property Through Unit Trusts
Since the implementation of the IORP II Directive, there has been much confusion around purchasing property through pensions. In our latest webinar for advisors, ITC’s Eoin Hassett aimed to bring clarity to this subject by addressing the benefits of using a unit trust.…Read more
What Duties and Responsibilities Do Trustees Have?
A “trust” is a legal arrangement under which trustees hold the assets of the pension scheme in a trust fund for the benefit of the members of the scheme, their dependants and for the main purpose of providing income in retirement.Under trust law and the Pensions Act 1990,…Read more
ARF Distribution and Annuities – What Are Your Options?
When our clients decide to drawdown benefits from pre-retirement pension schemes, they will in general have the option to buy a lifetime annuity, effect an Approved Retirement Fund (ARF), or encash all pension benefits after paying marginal rate of tax. These options of course…Read more
Finance Act 2021 and Proposed Pensions Roadmap
In the first of our 2022 webinar series for advisors, ITC’s Eve Nolan discussed Decembers Finance Act and the future roadmap for pensions reform.Topics included:Overview of the Finance Act changes Anticipated upcoming changes Opportunities arisingTo view the…Read more