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Company Pensions

All employers who employ 5 or more full or part time employees have to register with a stakeholder pension provider; there is no obligation for the employer to contribute to the scheme they just have to make it available to their employees.

Employers do not pay national insurance on pension contributions, this means that if a pension is offered as part of or as a pay increase the overall cost to the company of the increase is reduced.

Company pensions can be a very good way of rewarding your best performing employees by making contributions as part of their overall pay package. Contributions can be offset against tax, corporation tax for limited companies and the highest marginal rate of self employed employers. Employees do not pay tax or national insurance contributions on employer pension contributions.

Pensions vary in complexity, insured schemes offer a range of funds, some pension schemes offer the ability to control the investments within the plan so that the scheme member has total control of his investments.
Self Invested Schemes can also be taken out in the name of the limited company with additional members being added to the scheme in the future if required.

Before considering pensions we would recommend that you discuss the options available to you to ensure that you take out the correct type of pension for your circumstances. Streets Financial Consulting plc offer independent financial advice which means we look at products from the whole of the market to ensure that you have the best scheme.