PRESS RELEASE: PTL chosen by Section 615(6) Ltd to work on Ex Pat schemes

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 schemes for employees who have duties outside the UK.

Commenting, 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.”

Gary Draper, Managing Director at Section 615(6) Ltd, added: “S615(6) schemes have been available for nearly 80 years in the UK and we have specialised in them for 15. The schemes are currently undergoing a renaissance, as the conditions are perfect now as HMRC clamps down on many of the more aggressive tax-planning strategies. We just needed to find a pragmatic yet innovative firm to work with, therefore having Pitmans Trustees on board opens up the possibilities tremendously.”

For more information on Section 615(6) contact Andy Agathangelou