Executive Pensions

For Company Directors or small Limited Companies, Executive Pensions are arranged on an individual basis. Individual contributions are subject to the maximums shown under personal pensions, but Company Contributions are not subject to the same limit, therefore giving a potential saving on both Personal Tax and Corporation Tax Liabilities. Yes, there is an overall contribution limit but this varies from individual to individual and there is usually much scope for tax efficient funding and we will carefully examine this when discussing with you or your company.

In addition, for directors who control more than 5% of the voting rights of the company there are additional options on retirement to the traditional compulsory purchase annuity. They may elect to take their benefits in the same way as a Personal Pension Plan holder (i.e. take up to 25% Tax Free and the Balance in an Approved Retirement Fund.)