There has never been more choice and flexibility for senior managers when it comes to pension saving. Since the tax rules governing pensions were simplified two years ago, most employees can contribute more to their retirement fund, exercise greater control over drawing their income and invest in a wider range of assets.
At a time where life expectancy is increasing and there is less certainty about future financial security, a good pension scheme can be an invaluable benefit.
This briefing outlines:
The benefits of providing pensions for senior managers.
How to contribute to managers' pensions, including potential costs.
The run-up to retirement, including retirement planning.
Where to get advice.
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