01 November 2011
Section 615 Article in PlanSponsor
PTL Chosen to Work on Ex Pat Schemes
Pitmans Trustees Ltd (PTL), an independent trustee and governance services provider, has been appointed as Corporate Trustee by Section 615(6) Ltd.
Section 615(6) Ltd establishes section 615(6) pension schemes for UK Limited Companies. A section 615(6) scheme is a UK based retirement benefit scheme for employees who have duties outside the UK.
Commenting in a press release, Richard Butcher, Managing Director at PTL, said: “This is a particularly satisfying appointment for us, as our involvement in this specialist, but important, niche market underlines our skills in working with bespoke arrangements. S615(6) schemes are a well-established but almost entirely overlooked tool which means they have failed to gain the widespread application they are capable of achieving, such as excellent tax breaks. We have been working with Section 615(6) Ltd for some time now, helping to create a simple but effective offering within a robust governance framework.”