Pensions

Pensions, save for the future

Pensions​

Time to think about saving for your future and your staff.


Your Staff pension is managed under Auto-enrolment, and yours is a Private Pension scheme.


We can help you save you 26% in Tax!

There are 2 Pensions your business needs to think about

Pensions for your staff come under auto-enrolment

 

We advise that a Director Pension should be a separate Company one

B4Bookkeeping can manage your staff pensions alongside the monthly payroll

Staff are Auto-Enrolled into a Pensions scheme; we recommend NEST

 

You have to contribute 3% of their salary; they put in 5%, another Employer Tax for you to pay

As for Directors, a Company Pension Scheme enables the Company to Contribute lump sums into it

 

This is very tax advantageous at Year-End as you can reduce your Corporation Tax bill by 19% of the payment

 

Private Pension schemes can also return 7% growth, whereas is Nest is more like 1%

If you want to know more about Director Pensions, please speak to our Investment Advisor, Brad