Q Can a member of a s615(6) Trust also be a member of a UK registered pension scheme?
A Yes. The Inland Revenue permit an individual who is working overseas to remain in the UK pension of
his employer for up to 10 years. This does not prohibit membership of a s615(6) Trust.

Q Can a UK tax resident be a member of a s615(6) Trust?
A Yes, but only in respect of overseas duties.

Q Why should an individual wish to become a member of a s615(6) Trust if he is already a member of
a UK registered pension scheme?
A There are several very good reasons:
 - A 100% of earnings cap applies to the UK scheme earnings, restricting the total benefits which may
be payable. The s615(6) Trust is a tax efficient way of overcoming this problem.
 - Extra benefits secured in the UK pension scheme by AVC contributions or salary sacrifice have to be
taken substantially as a pension which would be taxed as income in the UK at the member's marginal
rate. Similar contributions paid into a s615(6) Trust could be taken as a tax free lump sum payment in
the UK.
 - The UK scheme benefits may be satisfactory, but the overall remuneration package may be exposed to undesirable levels of local tax and social security payments for both employer and employee. A
s615(6) Trust could be an ideal tool to mitigate such a problem where individuals have income surplus
to living requirements and the employer would prefer to structure the package in a more cost effective
way.
 - Assets held in a s615(6) Trust which exceed retirement needs can remain outside of the indivdual's
estate until age 75 and would not therefore be liable to Inheritance Tax until this age is reached. The
s615(6) Trust could, therefore, also be used as a temporary estate planning tool.

Q Can the benefits be taken outside the UK?
A Yes. The taxation of lump sum benefits taken outside of the UK will be determined locally. This does not mean benefits will automatically be taxed. However, specialist advice would need to be taken.

Q Can a self employed individual become a member of a s615(6) Trust?
A No. However, creating a UK employment structure or joining an umbrella employment structure is a
perfectly viable alternative to self employment for many. For company formation and umbrella
administrative services contact s615(6) Limited.

What does The s615(6) Trust cost?
Trust Establishment Fee:
This will vary dependant upon the service required from the menu of options available.
Trust Administration Fee:
1% per annum of The Trust Assets by formal agreement with The Trustees. By arrangement this fee can be deducted at source from The Trust Assets.