An employee pension scheme is a critical core benefit for almost all UK employers.
We consult and advise clients on the best solutions for them.
Staff who are members of a company pension plan benefit from a favourable income tax and national insurance (NI) break on contributions. There are many different types - some more suited for certain types of employer / employee than others. Let us help you.
The defined benefit plan (final salary) used to be the most popular scheme on offer, but now stakeholder, group personal pension and money purchase (all defined contribution schemes) are becoming more popular; while there is some interest in Group Self Invested Pensions and hybrid pension arrangements.
Between 2012 and 2017 the government will phase in a new national workplace pension scheme known as NEST [National Employment Savings Trust].
This will be a basic, inexpensive pension plan that employers can use, unless they wish to offer staff a different form of scheme