Tel: 01189469717, Email: ion@assets.ltd.uk, Chiltern Chambers, St Peters Avenue, Caversham, Reading, Berkshire, RG4 7DH
Assets Financial Services
  • Home
    • About Us
    • What We Do And How We Work
    • Our Service Principles
    • Contact Us
  • Saving for Retirement
    • Personal Pensions
    • Self Invested Pensions - SIPP and SSAS
    • SIPP Commercial Property Purchase
  • Retirement Choices
    • Annuities
    • Flexible Retirement - Drawdown and Phased Retirement
    • Pension Lifetime Allowance
  • Investment
    • Investment Process
    • Collective Investments
    • VCT and EIS
  • Estate Planning
    • Wills & Power Of Attorney
    • Making The Most Of Allowances
    • Trust Based Schemes
    • Other Strategies - BPR/AIM and Life Assurance
  • Corporate
    • Key Person, Co-shareholder and Relevant Life Cover
    • Pension Arrangements For Businesses
    • Other Employee Benefits
  • Other Services
    • Equity Release
    • Insurance Services
  • Home
    • About Us
    • What We Do And How We Work
    • Our Service Principles
    • Contact Us
  • Saving for Retirement
    • Personal Pensions
    • Self Invested Pensions - SIPP and SSAS
    • SIPP Commercial Property Purchase
  • Retirement Choices
    • Annuities
    • Flexible Retirement - Drawdown and Phased Retirement
    • Pension Lifetime Allowance
  • Investment
    • Investment Process
    • Collective Investments
    • VCT and EIS
  • Estate Planning
    • Wills & Power Of Attorney
    • Making The Most Of Allowances
    • Trust Based Schemes
    • Other Strategies - BPR/AIM and Life Assurance
  • Corporate
    • Key Person, Co-shareholder and Relevant Life Cover
    • Pension Arrangements For Businesses
    • Other Employee Benefits
  • Other Services
    • Equity Release
    • Insurance Services

Pension Arrangements For Businesses

There may be a variety of reasons for a firm providing pension arrangements. Shareholding directors may use the generous tax reliefs to remove profits from a business whilst many firms realise what an incentive a good pension may be in attracting staff. Thanks to the changes heralded in the Budget 2014 pensions are now a much more attractive proposition for long term savings. Regardless of their objectives, all firms will need to review their pension arrangements in light of the arrival of auto-enrolment. We can provide independent, unbiased advice from a Chartered Financial Planner to assist you in making the right choices for your business.


Pensions for Shareholding Directors


Pensions are a tax effective means of removing money from a company for the benefit of directors as payments to the scheme will usually escape Corporation Tax and NI whilst not exposing the Director to a benefit in kind tax charge.  The Budget 2014 changes give clients far more flexible options on drawing their pension and allow for more money to be left to future generations. Some may prefer simple planning using a personal pensions or stakeholder whilst others may find a SIPP or SSAS appealing especially if it is used to buy a commercial property. All of the pension options described elsewhere on the site are available to the director. 


Many directors will still hold outdated executive pensions or have pension benefits from previous employment.  We can review these to ensure that they are best employed to provide for your retirement.


Pensions for Employees and Auto-enrolment


Pensions provide an excellent means of staff attraction and retention and are the most valued employee benefit in the eyes of staff. We can provide advice as to the options available to an employer from Group Personal Pensions, Corporate schemes, Stakeholder plans. An archaic pension scheme does not lend itself to good communication of benefits to the employees or hassle-free administration. We can audit the existing provider to ensure that they offer auto-enrolment support, reasonable charges, good investment options, acceptable service standards and employee friendly communication.


Firms need to be careful that their choice of pension will also support their obligations under the Workplace Pensions legislation which go far beyond minimum levels of employer payment. Employers and staff will be forced to contribute to workplace pensions in the process of auto-enrolment and businesses need to start considering the implications for staff costs, payroll systems, existing pension arrangements, employment conditions, etc now. Please see the sections on auto-enrolment for greater detail.


Many companies spend a lot of money on staff pensions, but then fail to explain the benefits to their workforce effectively.  We can help you develop a strategy appropriate to your business that may include staff briefings, executive counselling, web content for the firm’s website, staff pension packs etc.


We offer straightforward, unbiased advice to cut through the jargon and find the solution best suited to your company and employees. Assets Financial Services bring many years’ experience in the pensions industry of providing independent financial advice for firms in Brighton, Hove, Sussex, London, Reading and the South East.


If you would like a 'no obligation' chat about your pension options please contact us.


Assets Financial Services is a trading style of Sage Roxborough Ltd,  which is authorised and regulated by the Financial Conduct Authority. Sage Roxborough Limited is entered on the FCA register (https://register.fca.org.uk/) under reference 718005. The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime. The FCA does not regulate some forms of mortgages and tax planning advice. Registered office 168 Church Road, Hove, BN3 2DL. Registered in England No. 05478319
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