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WHAT IS COMPLEX ABOUT SAVING FOR A GREAT FUTURE?

WHAT IS COMPLEX ABOUT SAVING FOR A GREAT FUTURE?. FOR FINANCIAL ADVISERS ONLY. ADVICE SOLUTIONS FOR A SUSTAINABLE TOMORROW , TODAY. HOW TO GET MONEY OUT OF A SAVINGS POT. IF CUSTOMERS WANT TO WITHDRAW THEIR MONEY IN A TAX EFFICIENT WAY…. Using the “Small Pots legislation” allows

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WHAT IS COMPLEX ABOUT SAVING FOR A GREAT FUTURE?

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  1. WHAT IS COMPLEX ABOUT SAVING FOR A GREAT FUTURE? FOR FINANCIAL ADVISERS ONLY

  2. ADVICE SOLUTIONS FOR A SUSTAINABLE TOMORROW, TODAY

  3. HOW TO GET MONEY OUT OF A SAVINGS POT • IF CUSTOMERS WANT TO WITHDRAW • THEIR MONEY IN A TAX EFFICIENT WAY… • Using the “Small Pots legislation” allows • customers who are 60 or older to access • income without crystallisingtheir money and • removing tax on their remaining pension pot.

  4. WHAT IS THE BENEFIT OF THE SMALL POT LEGISLATION? • If your customers need immediate capital from their pension savings, then using up to £30k under small pots is the efficient way to do so. • WHY? • They’ll use less savings to provide the required income • They can avoid 55% tax rate, maximising death benefit value • They will protect their “Lifetime Allowance” • They can receive their money quicker. YOUR CUSTOMERS CAN SAVE AND PROTECT THEIR PENSION BENEFITS

  5. WHAT TYPE OF CUSTOMER IS THIS FOR? • EXAMPLE (CASE STUDY) • £300,000 in an existing pension • Semi-retired and needs to access £20,000 net of basic rate tax to meet expenditure for granddaughter’s wedding and a holiday • Existing scheme doesn’t hold funds in multiple arrangement structure • Why should Eddie consider using Small Pots legislation? • Other savings largely locked up for future use • EDDIE BENNETT • AGED 63

  6. HOW WOULD THIS WORK? A SIMPLE 4 STEP PROCESS FOR YOU AND YOUR CUSTOMERS

  7. WHAT IS THE BEST WAY TO ACHIEVE THIS? • THE COLLECTIVE RETIREMENT ACCOUNT (CRA) • We have a purpose-built application process for small pots – AT NO EXTRA COST • We can separate small pots within one CRA • Payments made in full within 15 working days of accepting small pots application • Immediate investment and tax relief credits – no “clearing period” • Simple, transparent price – ONE platform charge • We are the only company offering this THE CRA IS FIT FOR CUSTOMERS TODAY AND POST APRIL 2015

  8. WHO IS THIS NOT FOR? • THE SMALL POT OPPORTUNITY IS NOT FOR… • Your clientswho are 59 or younger (if applying before April 2015) • Your clientsregistered for Enhanced Protection, Fixed Protection 2012 and 2014 • Where fund has protected tax free cash - small pots cash limited to 25% • Existing drawdown pots of more than £10,000 • OMWLA customers – they would need to move to CRA. THIS IS NOT FOR EVERYONE – IDENTIFY YOUR CUSTOMERS WHO COULD BENEFIT

  9. HOW TO GET MONEY OUT OF A SAVINGS POT? • YOUR CLIENTS CAN BENEFIT • by saving and protecting their pension benefits • by quickly accessing their money • through a simple 4 step process • by using a pension that is fit for your clients today and in the future YOUR CLIENTS’ SUSTAINABLE TOMORROW IS MET BY MAXIMISING WHAT IS LEFT WHILST MEETING TODAY’S INCOME NEEDS

  10. NEXT STEPS: IDENTIFY YOUR CUSTOMERS 60 YEARS AND OLDER WHO WANT TO WITHDRAW UP TO £30K TODAY www.oldmutualwealth.co.uk Calls may be monitored and recorded for training purposes and to avoid misunderstandings. Old Mutual Wealth is the trading name of Old Mutual Wealth Limited which provides an Individual Savings Account (ISA) and Collective Investment Account (CIA) and Old Mutual Wealth Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB). Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority. Old Mutual Wealth Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59. • PPT10197/214-0967/October 2014

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