a) This forecast is only relevant for a serving regular full-time officer
in the closed 1987 Police Pension Scheme (other schemes will cost more, please
email for a quote). It is assumed that the applicant has a basic
understanding of the AA and LTA.
b) It will not cover officers who are currently deferred members, moving to the 2015 scheme, have pension
sharing orders or have their pension abated because they are already police
pensioners, nor will it calculate a CETV for transfer to a private pension (eg
SIPP), only your pension administrator can calculate the CETV.
c) If you have any special circumstances (not covered by the questionnaire)
please check by email before making any payment.
d) Please note that the forecast contains general guidance only and does not
constitute tax, pension or other professional advice. Only the pension’s
administrator can give you the most accurate information from which you can
identify your tax liability.
e) Although we endeavour to provide as comprehensive an answer as possible
within the limited scope of this service, we exclude liability for any loss
which may arise:- from your reliance upon an answer where you know or should
have known that one of the assumptions did not apply; and, or
-your reliance on an answer which has subsequently become inaccurate,
incomplete or incorrect as a result of future changes in the law or changes in
practice by government or its bodies (eg Home Office, HMRC, PNB/PAB) or the
revaluation of PPS, the devolved administrations in the UK may have their own rules
or changes to your personal circumstances.
f) The contents of the forecast are for information only and are intended
to assist you to identify any general tax issues arising from promotions or
accrual of service. The information contained in the forecast is not
intended to be a substitute for taking proper taxation advice and should not be
relied upon in this way. Always consult a qualified accountant or
taxation adviser. We recommend that for a specific tax issue a suitably
qualified expert accountant, independent financial adviser or tax specialist
should be consulted.
g) The answers provided as part of the pps-direct questionnaire is compiled by
using reasonable care and skill and current understanding of Treasury and HMRC
publications. pps-direct cannot be held liable in respect of the forecast
provided. The Home Office have a members internet page for scheme
administrators, which is not available to officers or pps-direct.
h) Neither pps-direct nor its supplier, agents or advisers accept responsibility
for any loss arising as a result of reliance on any information contained in
the forecast.
i) This service does not amount to guidance as defined by the FCA. In
order to comply with FCA regulations PPSDIRECT cannot give any financial
advice generally or on transferring from the police scheme. The tax
illustration is not advice.
j) Your statutory rights remain unaffected.
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