This section of the website is only directed at financial advisers, professional, institutional or qualified investors and is not suitable for retail investors. If you remain on this page, you understand and declare that you qualify as one of the above and that you are not a retail investor as defined in the relevant jurisdiction legislation.
It is very important in financial planning to select the best product(s) for customers based on their objectives. There are many features which make up a pension product, some more important than others.
The table below provides a comparison of important features within a pension product under different jurisdictions.
|1.6 Million AUD
|FCA Standard Assets
|Age to access benefits
|Double Taxation Agreements
|Income Tax at Source
|Up to 45%
|Up to 35%
|Tax on Death Benefits
|Marginal Rate > 75
* 0% tax will generally apply on income stream and accumulation withdrawals, where the tax was applied on transfer, and the preservation rules are met.
Clients under the age of 60 within an accumulation account can withdraw up to the low rate capped amount tax-free currently $210,000.00 for 2020-2021.
** 0% tax will only apply if the prescribed investor rate = 0%