Corporate/Self Employed Pensions

Corporate/Self Employed Pensions

Company Pensions

Auto enrolment

The government has introduced a new law to make it easier for people to save for their retirement. It requires all employers to enrol their workers into a qualifying workplace scheme if they are not already in one. At present, many workers fail to take up valuable pension benefits because they do not make an application to join their employer’s scheme. Automatic enrolment is meant to overcome this. Auto enrolment has already begun for the biggest employers and will continue to roll out until 2018. Roll out will be phased dependent on the number of employees. The Pensions Regulator will notify firms a year before their staging date to ensure they have time to implement a compliant pension scheme which meets their needs.

Occupational Pension Schemes

  • Your employer normally contributes; and
  • Often you also receive other benefits, such as life insurance which pays a lump sum and/or pension to your dependants if you die while still in service, also;
  • A pension if you have to retire early because of ill-health; and
  • Pensions for your spouse and other dependants when you die.

Please note, not all pensions offered by employers are occupational pensions.

Company Stakeholder Pensions & Personal Pensions

Your employer may offer a stakeholder pension or a personal pension through a group personal pension arrangement. These pensions are not called occupational pensions even though the employer may contribute.

Self Employed Personal Pensions

We can provide an individual consultation to discuss your needs and requirements with regards planning for your retirement. We can help you save in the most tax efficient way and provide support up to and after retirement.

For more information on setting up a work place pension scheme or for advice on whether to join an employer’s scheme or not, speak to one of our advisers for a no obligation consultation.

Request an appointment with a Financial Adviser in Buckinghamshire, Bedfordshire or Hertfordshire.

Alternatively, to discuss your circumstances with a qualified adviser now, please contact us today on 01908 260033.