Another option for employers to consider is an executive pension; this is a one-person pension arrangement often used by the director(s) of a company and/or for key employees. They can be set up parallel to a group pension scheme. An executive pension is a great way to plan the sale/exit from your business, as lump sums into your pension avoids capital gains tax.
We place great emphasis on this type of pension arrangement as setting it up on a self-administered basis gives the individual a much wider scope for contributions and investment options.
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