Complicated form filling
£20-250 GBP
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Subject: Bobbins Family Pension Trust
Dear Mr Bobbins
Further to our conversation last week regarding your request to extinguish funds and close the above scheme, please find attached the various forms and covering letters required.
The covering letters should explain the next steps and our requirements, but to summarise in brief:
Yourself and Valerie have asked to extinguish your funds via benefit payments
As your fund values are currently partially crystallised on Capped Drawdown (CD), you will need to convert your existing CD funds to Flexi-Access Drawdown (FAD) in order to fully withdraw all funds
Please each complete and return a CD to FAD conversion MBD form
Your uncrystallised funds will need to be crystallised
Please each complete and return a New Crystallisation MBD Form & Risk Awareness Questionnaire
I have noted that there is an outstanding age 75 Lifetime Allowance Test for Valerie which must completed as soon as possible and before the above mentioned conversion & crystallisation can occur
Please could Valerie complete and return the Age 75 LTA Test Declaration form as soon as possible
You have confirmed that Thomas and Nicola wish to transfer their fund values to personal pensions held with other providers
Please could they each fully complete and return the Member Transfer Out Request Form, and arrange for their receiving scheme providers to complete the Receiving Scheme form
In order to fund your benefit payments and the transfers out, we will need to distribute the cash currently held in the Common Investment Fund (CIF) bank account
Please each review and sign the CIF Resolution letter to agree to the split and instruct the distribution
If the Scheme is to be wound up following the transfers out & benefit payments, our fee for the wind up will be £300 plus VAT.
All fees owed to Rowanmoor Personal Pensions Limited (RPPL) must be paid in full before the Scheme is wound up and our administration fees will continue to accrue until the wind up is completed. In accordance with our Client Agreement, all fees due to RPPL will be settled from the pension scheme bank accounts prior to the wind up and no fees either paid or due, shall be refundable.
ID Projek: #34271658
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