Request a
call back

If you'd like us to call you back simply complete the form on the right and we'll be in touch shortly.

 Security code

Dentons blog

Our blogs express an opinion as at the date they are written but statements and views may now be different, for example, due to pension legislation changes. Please contact us if you need any clarification.

Changes to self invested pensions in the last 30 years'

Posted on 23/05/2018 by Helen Webb | with 0 comments

With over 30 years' experience at Dentons, Martin Tilley reviews the changes and growth in the self-invested pension market.

Read more

SSAS releases capital for company growth

Posted on 07/02/2018 by Andy Powell | with 0 comments

George and Dennis Gibley have a problem and have approached their financial adviser. The brothers' company has turned in a record year and profits will exceed £150,000 resulting in a corporation tax bill of around £28,500. The brothes know that three months into next year, they will be investing in new plant and machinery necessary to keep them at the top of their market and likely costs will be at least £150,000, but ideally more.

Read more

SSAS Legal Entity Identified - Dentons' registration service

Posted on 04/12/2017 by Helen Webb | with 0 comments

Small Self-Administered Schemes (SSASs) trading or wishing to trade in equities and bonds, ETFs, derivatives and certain debt related instruments (reportable financial instruments) will now have to obtain a Legal Entity Identifier (LEI) before trades can take place. 

Read more

Retirement Outcomes Review: No time to be sitting on the sidelines

Posted on 27/07/2017 by Helen Webb | with 0 comments

We urge advisers to participate in the FCA's Retirement Outcomes Review following the recent Interim Report. The FCA has made some interesting observations and suggestions in its report, some of which were expected. The final report is due in Q2 2018 following a consultation that ends on 15 September 2017, and we would urge everyone to participate in this. Don’t just stand on the side-lines! The FCA genuinely wants to make the industry, and particularly income drawdown, better for all concerned.

Read more

Spread the word through social media

Posted on 18/06/2017 by Helen Webb | with 0 comments

As self invested specialists we are no strangers to the more adventurous investment proposals as indeed this is precisely what both SIPP and SSAS vehicles were designed for. But as has been demonstrated by the need for a tough crackdown by the Financial Conduct Authority on SIPP asset acceptance, there have been and continue to be promoters of opportunistic investments which for want of a more apt description, shall we say, are of dubious character. 

Read more

Ownership of non-standard assets

Posted on 07/06/2017 by Helen Webb | with 0 comments

SIPPs holding assets deemed as ‘non-standard’ now have to be recorded carefully by the SIPP operator and these impact on the required level of a SIPP operator's capital adequacy provision. As a result a number of SIPP providers are either stopping or restricting the level of non-standard assets they will accept.

Read more

What constitutes tangible moveable property in a SIPP or SSAS

Posted on 06/04/2017 by Helen Webb | with 0 comments

Defining what tangible movable property is might be more complex than you think and if owned by the pension scheme would lead to tax charges. We explore what constitutes tangible moveable property and assets that potentially fall into this category; the most notable being any interest in residential property.

Read more

'Baby boomers' in need of retirement planning

Posted on 30/03/2017 by Helen Webb | with 0 comments

'Baby boomers' have now started to, and will, for the next twenty or so years reach the end of their working lives. Britain will have a larger proportion of its population at, or in retirement, than ever before and as this group of individuals reaches retirement, crucial life changing decisions need to be made. However the grasp of an individual’s financial affairs, and in particular pensions and planning for retirement seems to have remained firmly rooted in the past.

Read more

TOGC clarification

Posted on 16/02/2017 by Helen Webb | with 0 comments

With the number of commercial properties being purchased through SIPPs continuing at a high level, it is useful to set out the treatment of Transfers of Going Concern (TOGC) which might impact some potential property investment cases going forward. 

Read more

The Changing World of Retirement Options with Martin Tilley

Posted on 14/10/2016 by Helen Webb | with 0 comments

Hear Martin Tilley, Dentons' Director of Technical Services share his real-world experience at Henry Stewart 'The Changing World of Retirement Options' on 2 November. Use our code for a 10% discount! 

Read more

EPC property ratings changes

Posted on 18/07/2016 by Helen Webb | with 0 comments

Self invested pension providers may have to assess their existing property book under admnistration and will review proposed new properties to ensure they meet new EPC regulations.

Read more

Capital Adequacy should be the low bar

Posted on 06/06/2016 by Helen Webb | with 0 comments

A great deal has been written about the pressures on SIPP providers and their need to meet the new capital adequacy regime which comes into effect on 1st September this year. However, much, if not all of this has focused simply on whether or not a SIPP provider will or will not meet their benchmark minimum requirements.  Intermediaries need to be asking SIPP providers more detailed questions about capital adequacy.

Read more

Avoid costly mistakes from pension freedoms

Posted on 03/05/2016 by Helen Webb | with 0 comments

When pension freedom rules were relaxed in April 2015, allowing anyone over age 55 with a defined contribution pension to withdraw some or all of their pension pot, many people feared the industry would see mass withdrawals. However, these fears have not materialised with evidence from recent analysis suggesting most people are making good decisions most of the time.

Read more

How SIPPs can help taxpayers hit by £10,000 pension limit

Posted on 19/04/2016 by Helen Webb | with 0 comments

By increasing company funded pension provision, higher rate tax payers affected by the tapered annual allowance of £10,000 can put more tax-efficient money into their pensions. 

Read more

Rip off exit fees - but who is being ripped off?

Posted on 21/03/2016 by dpadmin | with 0 comments

Much has been written on exit fees and how they are a rip off. As a result the FCA is currently consulting on the level of exit fees and considering putting a cap on the amount providers can charge. We discuss if it is fair to impose today's pricing on contract terms that were set up a few decades ago.

Read more

To P2P or not P2P?

Posted on 09/03/2016 by Helen Webb | with 0 comments

The basic principles of regulation require a SIPP operator to act in the best interests of its clients. P2P as a SIPP investment could lead to a tax charge. We discuss why.  

Read more

01483 521521