This examination assesses the candidate to develop in depth financial planning skills related to personal and corporate pensions.
At the end of this unit, candidates should be able to demonstrate an understanding of the: process of decumulating pension funds and the main issues for clients and advisers; main choices facing members of pensions schemes during decumulation; features, risks and tax treatment of the secured pension option; features, risks and tax treatment of the unsecured pension option; features, risks and tax treatment of phased retirement; features, risks and tax treatment of the alternatively secured pension option.
At the end of this unit, candidates should be able to demonstrate an understanding of the: main tax and legal frameworks that govern the accumulation phase of building up retirement benefits under registered pension schemes; features of defined contribution and defined benefit pensions; choices faced by early leavers and use of transfer value analysis; State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension.
At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individuals liability to UK tax.
This qualification assesses a knowledge and understanding of recent pension reforms and how the changes impact at-retirement advice.
This qualification accesses the specialist knowledge and skills needed for advising on the transfer of safeguarded benefits
Maxim Wealth Management Limited with offices in Glasgow and London is about helping real people plan to achieve the financial goals that matter most to them.
We specialise in Occupational Pension Transfer Advice.
Investment advice for new investors wishing to create an investment portfolio or existing investors looking to restructure their investment portfolio.
Pension Advice for those saving for retirement and Pensions Retirement Advice for individuals aged 55 plus who would like to access their Occupational Company Scheme, Personal Pensions, Final Salary Schemes, Company Pensions and Private Pension Schemes. By setting up Flexi-access Drawdown to take advantage of the new pension freedom rules.
Equity Release Advice for those aged 55 plus who's pension and savings may not be enough to fund the lifestyle they dream of in retirement. Releasing equity from your home allows you to make the most of that asset, without having to sell it. A Lifetime Mortgage is a type of equity release product that allows you to borrow an agreed percentage of the value of your property either as a tax-free lump sum, or a series of smaller amounts, the interest charged is rolled up and compound interest is charged to the original loan.
Transferring Occupational Defined Benefit Pension Schemes and Personal Pension Schemes to provide more flexibility in retirement.
Before transferring your Pension Scheme we carry out a full analysis of your circumstances and the benefits provided by your current scheme. Explain the advantages and disadvantages in moving your fund to a flexible pension, what guaranteed benefits, if any, that may be lost on transfer to take control of your pension funds.
You will be asked to complete a risk questionnaire to determine the investment risk you are prepared to take.
We provide our services at a fair and competitive cost.
Maxim, 1088 Shettleston Road, City of Glasgow, Lanarkshire, Glasgow, G32 7PH
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