Pensions freedoms scheme
A pension scheme that provides greater flexibility in retirement and control over your retirement funds is the Pensions Freedoms Scheme (PFS).
Similar to a Self-Invested Personal Pension (SIPP), a PFS allows you to invest your retirement funds wherever you choose and manage the amount and timing of contributions.
A PFS offers various options for accessing your pension income flexibly, allowing you to withdraw as much or as little income as desired. This income can be paid periodically or in lump sums.
A PFS is a type of pension fund that offers greater flexibility and control compared to some traditional pensions plans. By providing more options for accessing and passing on retirement funds, PFS’s offer individuals more control over their financial future.
Baker Tilly Isle of Man Fiduciaries Limited is registered by the Isle of Man Financial Services Authority as a professional retirement benefits schemes administrator
We provide the full range of retirement solutions including:
