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
THE VALUE OF INVESTMENTS AND ANY INCOME FROM THEM CAN FALL AS WELL AS RISE AND YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.
HM REVENUE AND CUSTOMS PRACTICE AND THE LAW RELATING TO TAXATION ARE COMPLEX AND SUBJECT TO INDIVIDUAL CIRCUMSTANCES AND CHANGES WHICH CANNOT BE FORESEEN