• If you are intending to sell your business, we can provide advice on timing, taxation and whether the sale will fund your financial aspirations.
• Corporation Tax Mitigation using pensions
Auto Enrolment and Pensions Reform
One of the major challenges facing employers at the moment is the government’s reforms to pensions legislation, commonly referred to as Automatic Enrolment. Put simply a company has to (on a specific date already set by the Pensions Regulator) set up and contribute into a pension plan for its members of staff.
However it is not quite that simple, all employees must be segmented into various definitions of worker, and each of these segments must be treated appropriately and communicated to in a specific manner. The amounts that need to be contributed into a pension for workers may vary, and it is up to the company to decide which definition of earnings to use to base its contributions on.
Also at a fundamental level, these contributions must go somewhere and there are many pension providers available all with different strengths, which must be considered and evaluated in order to ensure the company and its employees receive the most appropriate pension provision available.
We work closely with companies to ascertain their needs, both from a legislative and aspirational viewpoint, to determine which solution will best meet these needs. We offer a simple to understand charging structure to recommend and implement solutions for companies as well as an ongoing service to take companies through automatic enrolment and beyond.
The value of pensions can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
The Financial Conduct Authority does not regulate on Auto Enrolment.