“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“Where PSGS are appointed to act in conjunction with an existing body of trustees, we have found that they are quickly able to fit in well and gain the trust and respect of their co-trustees. ”
“I would recommend them to anyone - I have dealt with a number of other independent trustee firms and would rate PSGS as the best. We are very happy with Mark and the service we get.”
“We now have a very collaborative approach between trustees and employer.”
“PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.”
“Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.”
The benefits of using the PSGS excepted life assurance master trust are clear:
A senior employee dies in active employment before drawing any pension benefits. They have:
With no lifetime allowance protection, the full DC pension savings of £750,000 and £480,000 lump sum death benefit are tested against the lifetime allowance. In the 2018/19 tax year, this means the lifetime allowance is exceeded by £200,000 and a 55% tax charge of £110,000 must be paid by the beneficiaries of the employee’s death benefits.
If the employee’s £480,000 death benefit had been insured under an excepted life trust:
As well the tax saving for an employee’s beneficiaries, the PSGS Excepted Life Master Trust also helps employers manage the risk of making improper decisions - in the same way as our - and ensure compliance to avoid being faced with periodic tax or exit tax charges.
To learn more about how the PSGS excepted life mastertrust could help you with providing death benefits to some of your most valuable employees, please contact us or download our service flyer: PSGS excepted life master trust