Directors may prefer to establish a separate pension plan from that of their employees. This may be because the term of their employment may be a fixed number of years, their tax position may be more complicated than other employees, or they may prefer to set up a form of self-administered scheme more suitable to their circumstances.
Directors and partners may also wish to leverage their company pension scheme at some stage to raise funding for the business. This may be a more tax- and cost-efficient way of funding the acquisition of commercial property.
In these circumstances, sound pension advice would be valuable.
Warning Text
A PENSION IS A LONG-TERM INVESTMENT, THE VALUE OF WHICH MAY FLUCTUATE AND GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES AND TAX LEGISLATION.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE OCCUPATIONAL PENSION SCHEMES AND MOST FORMS OF COMMERCIAL MORTGAGES.