Directors and Partners Pension Structuring
Whether the scheme is for their own benefit or their employees, it is vital to consider the precise requirements of directors or owners.
While the main purpose of an employee scheme should be to keep and attract the best people, a director/owner is likely to have very different priorities. Options for strategic tax planning, self-investment, property purchase and loans to the company may be the priority over retirement funding.
We have been advising and running self-administered schemes for directors since such schemes first became available in 1977. This experience, in a complex market, is vital if mistakes are to be avoided and opportunities taken.
Our determination to see pension funds properly managed contrasts greatly with many of our competitors. We often take over such schemes, which, having been properly established for tax reasons, have their assets languishing on deposit. Tax efficiency alone is not enough!
“Baigrie Davies has advised our partnership about pensions for many years. When we recently decided to incorporate, their advice and guidance about our options was excellent. They clearly know their stuff and communicated it very clearly. Just what we need.”
Justin Sellers, Chartered Surveyor