A fresh and fully up-to-date guide to understanding and implementing pensions for small businesses. Easy-to-digest advice for business owners and managers, from picking the right scheme for your business to advice on the forthcoming semi-compulsory company pension arrangements due in 2012.
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Complete description
Pensions for You and Your Business is a fresh and fully up-to-date guide for small businesses making sure you know all about company pensions. For many smaller company directors pension arrangements are often seen as expensive, complicated, and misunderstood by the workforce and with businesses being faced with making decisions about the semi-compulsory company pension arrangements (NEST) due to be enforced from 2012 it can be a complicated minefield for owners, managers and HR professionals alike. Pensions for You and Your Business can change that. Written in a practical and jargon-free way to help small business owners, managers, company secretaries and those in charge of accounts, to implement pensions schemes for their employees and ensure they comply with incoming legislation. As well as being their definitive guide to pensions to help save time and money, Pensions for You and Your Business will be their pensions handbook for ongoing support when managing and administering their company's pension schemes.
All the essential advice and information in one place, including: * Pensions background - what it means for business owners and employees * The UK pension system - structure, benefits and business implications * Deciding on the right pension for business and the workforce * Legalities - government guides, regulations and the state systemOK * Choosing the correct scheme and package to benefit the workforce and the business * The regulations, protection schemes and overseas information * Investments, liabilities and the future of pension * Official resources and advisers and how to get the best from them
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Summary
Pensions for You & Your Business
(Selected contents) IntroductionWhat do companies want? What do employees want? What does the government want? How do pensions work in the UK? 1. The state system and NEST The basic state pension The additional state pension What do I have to do? Employee protection Should I use NEST? 2. Working out what you want What is the point of the pension scheme? Do you really need a scheme? What kind of workforce do you have? What kind of benefit structure do you want? Retention and recruitment 3. Some techie points Tax Law Regulation Communication 4. Pension arrangements for the general workforce What should employers provide? Costs Investments Integration with the state scheme Communication in practice 5. Pension arrangements for the higher paid Conventional pension schemes Annuities Early access to pension savings Disguised remuneration 6. Getting advice Accountants Actuaries Independent financial advisors Lawyers Pensions managers 7. Risks Financial risks Compliance risks Trustee protection 8. Investments Common worries Which regulator? What should you do? The power of compound interest Finding an asset manager 9. UK or overseas? Where should you go? Obstacles to establishment outside the UK Which rules apply? UK registered pension schemes National Insurance 10. Pensions and director liability Investment risks Inflation risks Liability risks Fiduciary risks Protection against risks 11. The future The state system Retirement ages Companies and pensions Conclusions 12. Conclusions & Appendix
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