Spencer Lodge on The Qualifying Recognised Overseas Pension Scheme

We caught up with Spencer Lodge, Managing Director at Dubai based Fund Advisers, one of the major independent financial services company in the United Arab Emirates. He is widely recognised one of the leading global advisers on financial issues for the expatriate community having worked for some of the largest financial companies in the world including deVere and Partners.

Spencer Lodge

We chat with Spencer Lodge to get some great independent financial advice for expats, talk about life after deVere and Partners and his plans to grow Fund Advisers in to a leading worldwide financial consultancy.

We first asked him to explain the features of SIPP, the Self-Invested Personal Pension

SIPP (Self-Invested Personal Pension)

A SIPP is a personal pension plan that is suited to the more sophisticated pension investor. There are very few restrictions on what is available to invest your money in, meaning that you will have complete control over your own funds. With that comes full responsibility for its performance, which is why sound advice is so crucial.

With a SIPP plan you are able to invest in most funds, listed shares or commercial property, both in the UK and internationally. All assets within a SIPP fund benefit from IHT mitigation, but can be subject to the death benefit charge of 55% on death.

Investing within a SIPP can have great benefits for those who regularly pay into the fund, such as:

·         You can claim full tax relief on contributions based on an annual income of £50,000 (2012/2013) if you have relevant UK earnings.

·         You do not need to purchase an annuity — the earlier quasi-compulsion to purchase an annuity has been abolished.

·         Prior to taking benefits, the fund can be made available to your beneficiaries free of the death tax charge should you die.

·         If you retire abroad, you are able to move your SIPP to another jurisdiction using a QROPS scheme.

·         Having a wide choice of investment options available to you creating greater flexibility, but you need expert advice to ensure good performance.

·         You may also benefit from staggered or phased retirement.

Further information on the Self-Invested Personal Pension can be found at www.fund-advisers.com

About Fund Advisers

Fund Advisers is a large independent financial consultancy group with global operations. We work with international investors and expatriates to find financial services products that best suit their medium to long-term requirements for investments, savings and pensions.

With in excess of US $2 billion of funds under administration and management, Fund Advisers has more than six thousand clients in twenty countries. Our independence and ability to offer financial products that are tailor-made to fit an individual’s needs are behind our success, and our work ethic is without equal in the industry.

Further information on Fund Advisers please visit  www.fund-advisers.com

Fund Advisers are a regulated, independent financial advisory wealth management brokerage. We are fully regulated within the territories where we have permanent offices.

deVere is a trading name of deVere and Partners (UK) Ltd