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For You & Your Business

Pensions & Employer Obligations

As a business owner, you can generate financial security in retirement, for both you and your employees. 

We can discuss these options with you in detail, helping you choose the most tax-efficient retirement benefits that will support your team in their retirement, whilst remaining cost-effective for the business.

Some of the areas we can discuss with you are:

  • Group pension plans – both an attractive recruitment tool as well as a justifiable business expense.
  • Salary sacrifice arrangements that provide cost-effective pension opportunities for employees, while reducing employer National Insurance costs.
  • Executive pension arrangements that enable you and your family to reap the rewards from the success of your business.
  • Trustee-based arrangements that offer a cost-effective transfer to a new pension arrangement, thereby securing employee pension rights.

Pension options are complex and can be difficult to navigate. We will take the time to understand what you need, before recommending a solution that will benefit both you, your business and your employees.

Your obligations as a business owner

In October 2012, the UK Government introduced workplace pension reforms, known as Auto Enrolment. Over the course of a phasing-in period, all employers were required to auto-enrol all eligible employees into a Qualifying Workplace Pension Scheme.

As a company director or business owner, it is your obligation to understand which schemes qualify, the process involved, how they are structured, and how you must comply with regulations. Failure to do so can result in substantial fines.

We will help you meet your obligations. We will carefully explain the issues and requirements around workplace pensions and offer guidance to help ensure your business is fully compliant and working within the rules.

The value of a pension with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

Auto-Enrolment products are not regulated by the Financial Conduct Authority.

Contact us to discuss your goals or to simply find out more.

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