IMPORTANT: For pension funds under £30,000 please click here


UK Annuities: FINANCIAL CONDUCT REGULATED SITES • QUALIFIED, TRUSTWORTHY ANNUITY ADVICE

Centralising Your Pension Annuity Search

BUT FIRST, SOME IMPORTANT INFORMATION THAT COULD BOOST YOUR RETIREMENT FINANCES Have you taken out a credit or store card, mortgage, secured loan, unsecured loan or hire purchase agreement in the last 10 years? If you have (or have had) a mortgage, loan or credit card with providers such as Barclaycard, Abbey, Santander, Littlewoods, MBNA, Halifax, HSBC, HBOS, Lloyds, Natwest, RBS or in fact any other credit provider, you may be able to reclaim up to £15,000 if you were sold PPI insurance - in most cases even if you have lost the paperwork. Learn more about PPI Claims now!


annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817


ANNUITIES: Annuities Tax, Annuities Taxation


Pensions and Annuities Tax Research:

Pensions Tax Simplification

Newsletter 31 6 November 2007 Contents Introduction Pre-Budget Report Review of the Operation of the Open Market Option Correction to Newsletter 29 - Alternatively Secured Pensions and Untraceable Members Registering schemes Reportable Events Tax Return for the Trustees of Registered Pension Schemes - SA970 Event Report - Question 15 (lump sums over 25%) Contact Us Introduction Welcome to the thirty first edition of the Newsletter. This edition contains a summary of the pensions changes that were published at the Pre-Budget Report on 9th October 2007 along with a number of other articles containing information and guidance that we feel customers need to know or would be interested in. Please can you pass this Newsletter on to anyone else in your organisation who you think may find it useful. Pre Budget Report - 9 October 2007 PBR 2007 contained several announcements on changes to the pensions' tax regime to ensure that the pensions tax rules continue to meet their original intention and that pensions tax relief is only used for saving for a retirement income: Spreading of Tax Relief on Employer Contributions A targeted rule will be introduced to ensure that the tax deduction for employers funding pension contributions that are excessively large relative to the previous year's contribution, will be spread over a number of years as intended by legislation. The new rule seeks to ensure that the spreading of contributions cannot be avoided by interposing a new company and financing it to pay the pension contribution. The change will have effect from 10 October 2007. Inheriting Tax-Relieved Pension Savings Following the consultation earlier this year, draft legislation has been published to prevent the diversion of tax-relieved pension savings into inheritance using scheme pensions and lifetime annuities. This will impose unauthorised payment charges when a member of a pension scheme with rights under a lifetime annuity or dependant's annuity surrenders rights to payments under the annuity. It also imposes unauthorised payment charges when a member of a pension scheme, who has rights to a scheme pension, a lifetime annuity, a dependant’s scheme pension or a dependant’s annuity, dies and a connected person becomes entitled to an increase in their pension rights under the scheme that is attributable to that death. But this is not to apply where the scheme has more than 19 members and the increases in rights are applied evenly across all members. IHT charges will be imposed on such an increase in pension rights of a person connected with the deceased under the scheme, but only when the member who dies was aged 75 or over. And finally IHT charges will also be imposed where a member dies aged 75 or over and there is an unauthorised lump sum payment in respect of the deceased's pension scheme arrangement. There is no IHT payable in respect of surrenders. The proposed legislation will have effect for surrenders made on or after 10 October 2007 and for increases in pension rights attributable to the death of a member when the member dies on or after 6 April 2008. Technical Improvements There will be a package of measures in Finance Bill 2008 that will provide easements to the rules around the following; Lifetime allowance test (benefit crystallisation event 3) BCE3 Widening the circumstances in which schemes are exempt from the test. Exempting increases in pensions as long as they don't exceed a normal rate of increase in a pension in a 12 month period. Changing the definition of the rate of RPI slightly so that schemes don't have to wait for official RPI figures to come out. Additional lump sum calculation A change to the calculation of protected lump sum rights where additional amounts are put into the scheme or additional benefit accrues after A Day. Schemes will no longer have to calculate whether relevant benefit accrual has taken place and this will simplify the administration of the protected rights Taxable property provisions A change in the definition of investment-regulated pension schemes to ensure that this does not include large occupational schemes where none of their members can influence the scheme to invest in taxable property. IHT on Overseas Pension Schemes Legislation will be introduced in Finance Bill 2008 to restore inheritance tax (IHT) protection to UK tax-relieved pension savings held in overseas pension schemes to have effect on and after 6 April 2006. These savings will be provided with the IHT protection that is available to funds held in UK registered pension schemes. Further details are in PBR note 14 (PDF 59K) and the associated Impact Assessment (PDF 105K). Draft legislation (PDF 155K) in respect of BCE3 has also been published. Draft legislation for the other measures within the technical improvements package will be published in due course. Review of the Operation of the Open Market Option (OMO) Registered pension schemes may provide pension annuities solely through an open market option. The 2006 Pre Budget Report (PBR) announced that the Government would work with a range of key stakeholders to improve the operation of the open market option (OMO) whereby an individual can shop around for the best annuity deal to suit their circumstances. The outcome of this review was announced at PBR 2007 and the detailed measures can be found here. During the review it was suggested that some pension providers may be offering uncompetitive rates for annuities because they believed the tax rules required them to offer pension annuities to their members, even if that was not a service they really wanted to provide or could afford to offer on a competitive basis. Therefore one of the outcomes of the Open Market Option review is this clarification that the tax rules permit a registered pension scheme to be set up with the intention of providing pensions solely through the exercise of an Open Market Option. There is no actual requirement that the pension has to be provided directly by the scheme as long as clear provisions are in place that a pension will be provided through an Open Market Option. Correction to Newsletter 29 - Alternatively Secured Pensions and Untraceable Members We apologise for a misprint in the article about how the alternatively secured pension rules apply to members who are untraceable at their 75th birthday that appeared in Newsletter 29. There was a missing "not" in the second sentence of the 6th paragraph under the heading "Alternatively Secured Pensions" which should therefore read as follows: "Where such members had not previously been drawing an unsecured pension, their funds won't automatically be treated as becoming held in an alternatively secured pension at this point." It is emphasised that the member's uncrystallised funds in an arrangement will still be tested against the lifetime allowance at age 75 by the operation of paragraph 8(2) of Schedule 28, Finance Act 2004, but rather than then becoming automatically held in an alternatively secured pension at this point, the funds of an untraceable member will, instead, remain in suspense as explained in Newsletter 29. Registering schemes We have been asked whether it is possible to apply to register a scheme before that scheme has been established. The Pension Schemes Online Service does not offer a facility to specify a registration date other than the date of the application for scheme registration. A scheme must be established on or before the date of the application for registration if the registration is to be legally valid. There is no requirement that a scheme should have received contributions or allowed members to join before making an application for registration. Reportable Events Pensions Simplification has meant wide ranging changes to returning information. There are formal systems in place for you to tell us about reportable events and there are time scales for when this information should be sent to us. You must follow these procedures and tell us about reportable events in the right format at the right time. Sending us information in a letter around the time that an event occurs (usually well in advance of the reporting date) does not end your responsibility for reporting that event. The current reporting procedures are supported by legislation and it is important to make returns at the correct time using Pension Schemes Online or, where appropriate, the correct forms, if penalties are to be avoided. More information on reporting requirements and using Pension Schemes Online can be found in Newsletter 30 and in the Registered Pension Schemes Manual. Tax Return for the Trustees of Registered Pension Schemes - SA970 In Pensions Newsletter 25, published in February 2007, we advised that we did not intend to issue a Self Assessment return to a scheme unless they had previously claimed tax repayments or had a liability to declare. However, if a return was issued, it should be completed and returned, whether or not it falls into this category. This is a statutory requirement. If a return has not been issued, the onus is on the scheme trustees to send one to us if it is appropriate. We have been receiving a large number of unsolicited returns which don't fall into either of these categories and would urge trustees not to submit them if they are not needed. There are a number of schemes who have not previously been issued with returns but who do claim repayments of tax deducted from the scheme's investment income. We intend to issue all registered schemes that fall into the categories above with Self Assessment returns from April 2008 for the tax year 2007/08. This will include Self Invested Personal Pension Schemes and any other scheme which has claimed a repayment this year. In order to do this, over the coming months we may be writing to some schemes for information about the scheme set up and/or trustee details in order that the returns can be properly served. Event Report - Question 15 (lump sums over 25%) Some scheme administrators have been answering question 15 (lump sum over 25%) on the Event Report incorrectly. Under question 15 for the "amount crystallised" you should not include the amount of the lump sum. You should enter the amount crystallised in relation to only the pension. So where the pension is a lifetime annuity the "amount crystallised" will be the annuity purchase price, an unsecured pension the "amount crystallised" will be the amount designated to the unsecured pension fund, and for a scheme pension the "amount crystallised" will be 20 times the pension actually paid to the member, i.e. the residual pension left after any lump sum commutation. ?©Crown Copyright Keywords: Pension, Annuities, Annuity, Pensions, Annuities Tax, Taxation Please note that the annuities and income drawdown information contained within the articles and general text on Annuities Central may not be intended for annuity consumer use, may no longer be current and should not be used by consumers to make financial decisions. It is very important that you don't use this annuity information in isolation to decide which annuity or annuity alternative to buy. Annuity comparisons and pensions information or opinions expressed are made as at the date of this publication and are subject to change without notice. Always seek the help of an annuity broker before you buy an annuity.

annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817