David Downie: Tackling the DB transfer 'appropriate limit' hurdle

Partial transfers

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"Only the amount transferred is tested against the limit and so, if the partial transfer is within the limit, the client’s enhanced protection is maintained" - David Downie
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"Only the amount transferred is tested against the limit and so, if the partial transfer is within the limit, the client’s enhanced protection is maintained" - David Downie

DB transfers that breach the 'appropriate limit' can have serious tax implications if a client has enhanced protection, writes David Downie. Here, he looks at how advisers can avoid this outcome and use partial transfers to their advantage …

Scrutiny from the FCA and rule changes now mean there is a lot to consider when advising on defined benefit (DB) transfers. In this climate, it is easy to overlook the extra hurdle of the ‘appropriate...

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