Elefteferios was referred to Audley as he had deferred benefits in two final salary pensions. He was divorced with two grown-up sons. Lefty, as he is known, had a substantial property portfolio which was providing more than enough income to meet his needs. He was concerned that when he dies, there would be no payment from either pension to his sons. As he was never going to call upon the pensions for income, we advised him to transfer these to a personal pension and nominate his sons to receive the funds (possibly tax-free), when he dies. Lefty is now reassured that the pensions he built up over many years will benefit his family.
Pension Transfer Advice – Lefty’s Story
Pension Transfer Advice