How do I pay for the advice given/services undertaken by Pensions Management Ltd and PML Trustees?
There is an on-going administration charge of normally £1,200 plus VAT and this is invoiced once a year. In addition further work carried out in the year is usually invoiced when the work has been completed, for example following a property purchase. All work carried out by Pensions Management Limited and PML Trustees is recorded on time sheets and the invoices reflect these.
We will provide an estimate of the cost of additional work prior to the work being undertaken. This may vary from the actual cost but we will keep you informed if the cost is expected to be higher, during the work. All fees under PML are subject to VAT and can be taken out of pension fund money or paid by the sponsoring company. VAT may be reclaimed if these are VAT registered.
Contact us for more about our charges.