Pensions

... For you

To enjoy a comfortable retirement after your working life is over means thinking well ahead about your pension provision. Did you know that there are a number of pension possibilities open to business owners and directors?
While we are not registered as Independent Financial Advisers (IFAs) we can provide advice to help you make the most of the options and allowances. We can also assist you in finding an IFA who we consider would be best qualified to advise you. 

... For your employees

Deciding on what to do about your own pension arrangements is often difficult enough - but as an employer you also have obligations to your employees in relation to pensions. You may also wish to offer additional pension benefits to your employees, but be unsure which scheme would be most appropriate and affordable. 

There are a number of different options including;

Automatic enrolment - from October 2012, new regulations require every employer, regardless of size, to  enrol the majority of their employees automatically into pension schemes, and also make contributions on their behalf, though opt-outs are available. You will need to know the compulsory staging date for your size of business, which is set by the Pensions Regulator. You will also need to know the pension contributions you will be required to pay for each employee (which is based on qualifying earnings which include bonuses, commission, overtime, statutory maternity pay, statutory paternity pay and statutory adoption pay).

Workplace Pensions -  e.g. a bespoke scheme in which both you and your employees can contribute.

Occupational DC (Defined Contribution) Pensions Schemes

Occupational DB (Defined Benefit) Pension Schemes

We can discuss the basic principles of these schemes and which might be best for your business. You would need a registered IFA to give you detailed advice and to set up a scheme. We work closely with a number who are experts in this field.

Finally, we can also offer advice and support in setting up Employee Share Schemes, Share Option Schemes, Deferred Incentive Plans or an Employee Benefit Trust. The complexity of all these alternative solutions need not deter you from offering your employees either pensions or incentive schemes: just call use for a confidential discussion.