SIIP Summary of Benefits
| Financial Stability |
Substantial financial backing by two of the world's largest institutions
in their fields, Clariden (Credit Suisse) and Equity Trust. |
|
Regulated |
Pension plans
are set up under trust deeds and rules under the strict regulatory framework of
Singapore. |
|
All Nationalities |
Open to all nationalities.
|
|
Tax Benefits |
Established
in tax free environments (gross roll-up on funds), outside of the influence of the
EU. (Expansion of the “EUSD” European Savings Directive?) |
|
Contribution/Fund Size
Limits |
Nocontribution or fund size limits. |
|
Retirement Age
|
Flexibility
as to the time you take your benefits.
|
|
Taking your Pension |
No requirement
to purchase an annuity. The fund may be taken all as cash or used to provide an
income. |
|
Investments |
Very few constraints on investments., You may invest
in real estate, private equity, options, artwork etc. Denominated in any major convertible
currency. You can choose your own fund manager. |
|
Transfers |
The ability to take in
transfers from other “off-shore” pension schemes (IPPs, and possibly 401ks and IRAs). |
|
Charges |
A clean charging structure with no hidden penalties. |
Note:
The Benefit Summary
is a guide only. Please note in particular:
a) Unless stated otherwise, the above is only a brief
guide, and benefits may vary according to residency and domicile. Different
rules apply to different individuals and employers.
b) If you are considering investing in a SIIP Trust,
you should take independent tax advice, as your circumstances may mean the
comments above do not apply to you.