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WorkSave Pension Trust.

Our WorkSave Pension Trust offers your clients a flexible trust based solution.

It offers a range of investment options as well as tailored servicing.

Your client as trustees will be responsible for the overall running of the scheme. This means that they’ll be actively involved in the management of the scheme and you’ll be able to work with them to make key decisions such as choosing the investment strategy.

  • Set of comprehensive service packages and options
  • A default investment for auto enrolment
  • Ability to operate a salary sacrifice arrangement

Members' benefits:

  • Access to a wide choice of investment funds including:
    • own funds, including index-trackers and actively managed funds
    • funds from specially selected external fund managers
    • lifestyle profiles
  • Online access for employees allowing them to view their savings, change funds and update their details whenever they want in the years before they start accessing their pension pot
  • A range of online member education and other useful tools to help manage their workplace pension

Flexi-access drawdown:

  • Yes - at the Trustees' discretion

Cash lump sum:

  • Full - Yes at the Trustees' discretion (25% tax free with 75% as taxable income)
  • Partial – Yes at the Trustee's discretion (25% tax free with 75% as taxable income)

Annuity:

  • Yes - from any chosen provider

Transfer out:

  • Yes - member's pension pot can be transferred to another pension provider to access their retirement options

Does your client like the idea of a trust based scheme but not the hassle of being a trustee?

Our Mastertrust option could be just what they are looking for.

For more information, please speak to your usual contact or get in touch.

We'd like to share our experience and expertise with you. Speak to us if you would like to view a demonstration of our online solutions, or if you have any specific client projects that you would like to discuss.

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