Self Employed Pensions
Choosing the right pension scheme options for you and your employees
For the entrepreneurial company director or self-employed owner-manager, you can get access to advice on setting up small pension schemes not only to fund your own individual pension pot, but also to provide a flexible and tax-efficient vehicle to assist in achieving business economic success.
Employer contributions to the scheme will reduce taxable profits and the funds within the scheme may be used in a variety of ways to assist the business. These include the ability to invest in the company via secured loans or hold company shares. The scheme may also purchase the company premises to lease back to the company in order for the property to be held in a tax-free environment (the rent paid to the scheme will further reduce taxable profits for the company). As the pension scheme can also borrow additional funds, this can help provide further liquidity for the company.
With good planning advice the innovative entrepreneur can make the scheme work for their business by saving tax and providing additional finance, while building up a substantial pension fund to benefit them and their family in retirement.
Speak to one of the independent company pension advisors from one our partner firms for more information and advice on the right corporate scheme.
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