Pensions
Pensions
This is not intended to sell you the concept. If you are not already aware of the benefits of pensions for yourself and your colleagues then please do ring us on 01483 715823. But what is the pensions menu?
If you have something in place already:
There have been enormous changes in legislation in recent years and you may need to review and perhaps change what you are doing to minimise the financial and legal risks.
If there is nothing at present:
Perhaps you will accuse us of bias, but is it time to start something? It does not have to be a perfect scheme on day one, but anything is better than nothing, and you can improve it in later years.
Generally speaking a group scheme that you may arrange for your employees will have lower charges than individual plans, and this alone can improve the final pension by up to 10%.
We can arrange self administered schemes, top-ups, and schemes to supplement the pensions cap for high earners.
And what about the "Personal Account" - it is not on the statute books yet but it looks as if it is coming - pensions for all, run by a government quango. Compulsory for the employer, with a 3 % payment of mid band earnings, with an employee opt out option and 4 % employee payment.
Which will be the better - a government provided private pension, or your own ? The jury is out.