Business
Services - Stakeholder Pensions
Did you know
that you could be fined up to £50,000 if you
do not offer a Stakeholder pension to your employees?
The government recently introduced new
legislation to bring in simple and low-cost pensions
called Stakeholder pensions.
Under these rules, employers must provide
access to these schemes if:
-
they have 5 or more
staff who earn over the lower earnings limit for
National Insurance; and
-
these employees are
not members of an exempt occupational scheme (or
will not be eligible to join one within 12 months
of joining the company); and
-
the employees are over
18
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You may be exempt from these requirements
if you offer a suitable personal pension plan. Contact us to find
out what you need to do to comply with the legislation.
We will...
- Analyse the main needs of your business in financial
planning
- Report on these needs and make recommendations
as to the best solutions to these issues
- Use our independence to give you the best value
Click here to
download our factsheet on company stakeholder pensions.
To find out more about how
stakeholder pensions will affect your business, please contact us.
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For
United Kingdom residents over 18 only. © 2003 - 2008 Woodruff Financial
Planning.