“Many organisations and people provide the services that clients need. In my opinion, the differentiator is in the way those services are provided and to that extent, Kathy embodies the qualities that I have come to value from PSITL. Kathy is organised but not fussy; diligent but not dogmatic; persistent without being pushy and compliant in a pragmatic way. Whilst she takes ownership and drives issues forward, Kathy is a team player who uses her and her colleagues experience to provide services to her trustee client whilst working closely with those like me representing the sponsoring employer. She works collaboratively with advisers but constructively challenges the scope of services, fees and service standards whenever necessary and makes sure that member needs are always taken into account. I enjoy working with her and trust that she will deliver what is required by the trustee and the members they represent in a manner satisfactory to the sponsoring employer. ”
“The Trustee Training course is very good. Excellent coverage of material presented in an easy-to-digest manner and quality of presentation by both presenters. ”
“In my experience, not all professional trustees are able to cope with tricky or potentially confrontational situations. I find PSGS has massive experience in getting involved, earning the respect of others and resolving such issues. They get stuck in – they are a first rate team.”
“Clare Owen has been a really excellent scheme secretary”
“Excellent service - as expected and why PSGS was chosen.”
“Highly informative. Having leading professionals deliver the TKU course really adds value.”
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