“Although state pension age continues to increase, the value of the amount payable in real terms continues to decrease. To avoid criticism the government are forcing employers (via auto enrolment) to fund employee pensions”.
We can advise on all types of schemes such as:
The value of your investment and pension can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
Levels and basis of relief from taxation may be subject to change and their value depends on the individual circumstances of the investor.
We will provide advice to help you understand the pension and underlying investment funds, and put a plan in place to give you financial security in retirement.
Key person, shareholder and business loan insurance should all be considered to protect your company’s future. You have built a successful company; you have high performing staff, loyal customers and future prospects look encouraging. It now makes sense to ensure against the loss or incapacity of key employees and it is a cost effective means of protecting your business.
Relevant life plans are similar to most other types of life policies except they aim to provide a tax efficient benefit provided by an employer for an employee. There are a number of advantages to arranging Relevant Life Insurance such as – policy premiums are usually treated as an allowable expense for the employer in calculating their tax liability, this means a higher-rate taxpaying company director can save 49 per cent by paying for their personal life cover via a relevant life plan compared to paying for a policy out of net earnings (savings for a basic rate taxpayer is around 36 per cent).
Relevant Life plans are generally taken out by company directors and written in trust with premiums paid by company.
Relevant Life Plans can be used to provide cover for an employee, however if they leave employment the cover will stop unless they arrange for conversion to personal term assurance.
Group Life Insurance is a low cost employee benefit paying out if the employee passes away whilst in employment with your organisation. The policy would pay out irrespective of whether death occurs at work or not. For example, it could be as a result of an accident whilst on holiday or as a result of a long term serious illness. Each employee is covered as a multiple of their gross earnings which is determined by the business upon setting up the policy. The structure of the policy is flexible allowing different grades of employees to have different levels of cover.
“Employers insure their premises, stock and machinery, company cars to avoid business disruption costs, yet they continually overlook insuring against the loss of the hardest asset to replace – Skilled and profitable employees”.