Are you into ripping and stripping?

The session looked at the opportunities for offshore plans around A-day issues. It’s been well documented how you can use offshore plans effectively alongside pensions. For example, those individual above the lifetime allowance, now at £1.6m, or when clients want to take benefits before the minimum age which will be 55 by 2010. The idea of SIPPs investing into offshore bonds also arose. Despite the extension of investment powers that followed A-day, there may be opportunities for offshore bonds. An offshore bond is an acceptable asset even if that, in turn, invests in something that is no...