If you have an Executive Pension/SSAS or are a member of an Occupational Pension Scheme approaching retirement, you might want to know about these big changes coming your way!
Two major pension updates are colliding;
- One from European regulation relating to 'Exec Pensions' and 'Small Self Administered' schemes (SSAS) which impacts self employed directors - One from Revenue relating to employees and losing control over their group pension schemes after 'Normal Retirement Age' (NRA)
Both can change where your pension sits, how it is invested, and when you can access it.
And all of it can happen without your say so, if you do nothing.
Key points I'll share today;
- What the European IORPS2 deadline really means for Executive and SSAS pensions
- How automatic moves to Master Trusts work
- The big Revenue change limiting pension transfers from Occupational Pension Schemes
- Why early retirement plans are most exposed
- What practical steps make sense now
I hope it helps.
