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Detailed reports

Each annual statement comprises up to 14 detailed reports per currency. Only relevant reports will be provided.

Plan summary
An overview of the investor's whole plan showing: 

  • total assets and liabilities held by the plan by asset class. All assets will be shown in GBP Sterling, irrespective of the currency in which they are held;
  • change in plan value since the last report; and
  • the split of crystallised and uncrystallised funds.

Asset statement
One statement will be issued per currency held, showing the assets and liabilities held by the plan in that currency. A breakdown is provided for each type of asset held.

Revenue statement
One statement will be issued per currency held showing:

  • the different values of receipts and payments by type;
  • the realised gains/losses on those assets disposed in the reporting period; and
  • the unrealised gains/losses movement. This shows the change in value, compared to the original cost, of any assets that are still held by the plan. It does not necessarily represent the change in value since the last audited report.

Property details
An overview of all properties held, showing:

  • the percentage share of the property owned by the plan;
  • the share of the cost of the property, which includes the purchase price, all the associated costs with completion and any renovation costs if applicable; 
  • details of any loans that are linked to the properties; and
  • the net effect of repayments made, and interest charged shown as ‘change in period’.

Investment details
One will be issued per currency held showing details of each investment held at the date of the statement including:

  • the name of the investment;
  • the number of units; 
  • the unit cost;
  • the current value; and
  • the name of the investment manager, stockbroker, company or investment platform where the investment is registered (Where held).

The cost represents the amount originally paid for the investment, plus any commissions and stamp duty charged. Where an investment has been part of an in specie transfer, the cost shown will be the value of the investment at the time it was re-registered within the plan. Please note that the current value is based on the most recent price available to us and is not necessarily the price at close on the last business day.  See the Valuations section for further information.

Investment disposal details
One report will be issued per currency held showing transaction details of any investments that have been disposed of during the review period including;

  • the date of transaction;
  • quantity;
  • proceeds; and 
  • gain or loss on the transaction.

The sale proceeds on investment disposals will be based upon sale proceeds less any commissions charged.

Property Disposal details
One report will be issued per property held showing details of any property that has been disposed of during the review period including;

  • the date of transaction;
  • sale amount; and 
  • gain or loss on the transaction.

The sale proceeds on property disposals will be based upon sale proceeds less any commissions charged.

Investment purchase details
One report will be issued per currency held showing details of any investments that have been purchased during the review period including;

  • the name of the investment;
  • the number of units;
  • the unit cost; and
  • the current value

Cash deposits, debtors and creditors
One report will be issued per currency held showing an overview of the cash balance per bank account and any loans together with any other amounts owed to and by the plan.

Contributions
Any contributions received by the plan during the reporting period will be detailed here. The source of contributions is shown as either ’personal’ or ’employer’ . Personal contributions are made net of basic rate tax and tax reclaimable is shown along with the date this tax was reclaimed. Any tax reclaimed but not yet received is shown on the Cash deposits, debtors and creditors page under ’tax refund – contributions’.

Transfers in
Any transfers into the plan from other pension schemes received during the reporting period will be shown in this section

Dividends and investment income
One will be issued per currency held showing dividends and investment income received in the reporting period, including:

  • the received date;
  • investment description; and
  • amount received

Pension payments
Shows all the pension income taken from the plan in the reporting period.

Suffolk Life fees
A detailed breakdown of all fees charged by Suffolk Life in the reporting period. Fees will be shown even if they are yet to be settled.

Any fees outstanding are shown on the Cash deposits, Debtors and Creditors page in the 'Creditors' section above under 'Suffolk Life fees' and will be settles from the plan when funds are available.

Disclaimer

This information is intended for investment professionals and should not be relied upon by private customers or any other persons.