Group Personal Pensions
Group Personal Pensions in Chichester & Bognor Regis
Benefits of a Group Personal Pension
- Payments made will benefit from tax relief for employees and Corporate tax for employers
- High rate tax payers can claim additional tax relief through your self assessment
- Your savings can grow in a tax efficient way
- Tax free lump sums can be paid out to your beneficiaries on your death if prior to retirement age
- The pension provider is pre-determined by your employer so there is no requirement to set up a direct debit as the premium will be deducted directly from salary
- Some employers will pay a contribution, allowing a bigger financial growth
- In most instances employees may be able to continue paying into the pension scheme after leaving the company
- Schemes can be set up so that members do not need to take time out of work to set up their pension
Each employee will have different needs and will be assessed according to age and the number of years remaining prior to retiring.
The pension will provide it's members with a regular income which can commence between the age of 50 and 75. After April 2010 the minimum age will increase to 55.
Your pension can be tailored to your needs at the time of retirement, but planning for this is essential..
Futura Independent Financial Advisers in Chichester can assist you, just call on 01243 776774 for an impartial, no obligation discussion about your business needs.