Employer Pensions - Your Options if your not exempt from Stakeholder

Designate a Stakeholder scheme now - You may consider setting up a Stakeholder scheme to fulfill your obligations. We have tried to highlight some of the main points to consider:

  • As an employer you don't have to contribute if you don't want to.
  • Offering a pension scheme as part of your employee benefits package could help staff relations.

Alternatively you could set up an exempt group personal pension or an occupational scheme - Consider other types of pension arrangements offering a Stakeholder exemption. Some of the issues to think about are outlined below:

  • You must make a payment of at least 3% of each employee's basic salary to the scheme for this to be an exempt group personal pension and to avoid setting up Stakeholder.
  • Your contributions will be allowable as a business expense, reducing taxable profits and possibly potential tax liability.
  • Administration for a group personal pension will mainly be dealt with by the product provider

To have an independent expert get in touch with you to offer some basic advice, simply enter your details below.

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On pressing the send button you will be contacted by Hello Finance Ltd who will ask some relevant questions about your pension requirements and then pass you onto an independent pension advisor in your area.

The Pensions Network web site is operated by Hello Finance Ltd and introduces clients to independent financial advisors. Hello Finance Ltd does not provide any finance advice and only acts as an introducer to regulated companies.

Hello Finance Ltd is registered in Wales under CRN 05501378 and our registered office and business address is
7 Fidlas Road, Llanishen, Cardiff. CF14 0LW. Our telephone number is 02920 762249. Our e-mail address is accounts@hellofinance.co.uk