With the advent of Stakeholder Pensions, businesses with five or more relevant employees are now obliged by law to facilitate access to a Stakeholder or equivalent pension scheme.

Stakeholder pension arrangements are tax-efficient for employers. Any payments you make on behalf of your employees will enjoy full tax relief as a business expense with no National Insurance Contributions to be made. What's more, your employees also benefit from tax concessions. All contributions made into the scheme by your employees benefit from immediate basic rate tax relief with any higher relief being reclaimed through their individual self assessment.

There are many important factors on which advice must be sought relating to the provision of employer sponsored Stakeholder Pension Plans and T3 Financial Solutions Ltd can provide the answers.

If you would like more advice on Stakeholder Pension Plans please contact us.