Police Pension Scheme

Chris has had the privilege of helping dozens of Police Officers plan their retirements, by assisting them to understand their options and the implications of the many and ongoing changes to their pension benefits and the taxation of those benefits*.

Chris has written papers on issues that have been circulated to members of the Chief Police Officers’ Staff Association and the Police Superintendents’ Association of England and Wales. In addition Chris has run retirement workshops for members of CPOSA, the Police Federation and the Police Superintendents’ Association of England & Wales.

On an individual basis Chris has assisted officers and their families on many, many issues including:

  • Ordinary retirement, avoiding unnecessary tax and investing Commutation lump sums
  • Lifetime Allowance and Annual Allowance issues* (on promotion for example),
  • Whether and when would be beneficial to opt out of further contributions to the scheme for a variety of reasons**
  • Transferring benefits when beneficial to do so**
  • Taking lump sum benefits tax efficiently whilst still working
  • Avoiding unnecessary tax on income when the officer retires from policing to start a new career
  • Ill-health retirement
  • Death in service
  • Enhancing Spouse’s and dependants’ benefits
  • Achieving equitable divorce settlements.

With this in mind Chris keeps himself fully up to date with the Police Pension Scheme at all times, in order to carry on assisting where officers cannot get advice from their scheme administrators.

So, if you are faced with a large tax bill, are retiring, planning a second career, have concerns over what would happen to your family if you did not live for a long time after retirement, or are going through a divorce and want an equitable settlement, or simply want to know all the options you have and have it explained to you in plain English please contact us

 

 * Tax advice is not regulated by the Financial Conduct Authority.

** All advice regarding opting out is given by a suitably qualified Pensions specialist and a full Transfer Value Analysis carried out before advice on transfers is given.