With our population living longer, the importance of retirement planning has never been greater, particularly as the State Pension provision is gradually reducing, relative to many individuals' earnings. Now most people need to make additional savings to ensure a comfortable retirement.
In addition, businesses, whether companies or self-employed, are able to make pension contributions to reduce exposure to tax on profits or income. To ensure that tax allowances are maximised for both the business and the individual, careful forward planning is vital.
We specialise in advising business owners and self-employed professionals about the level and timing of both contributions and the drawing of benefits. Following recent legislation, there is more flexibility but there are still complex areas where accurate advice is essential.
As pensions are also tax-efficient investment vehicles, we offer advice and administration for pension plans, to ensure the best returns. Clients, where appropriate, can also make their own investment decisions, potentially arranging self-investment into property and stocks and shares.
For employers, we are able to advise on employee benefits, such as group pension plans and death in service schemes, assisting with the administration of these alongside the employer's payroll staff.
Back to services