ClearFinancialSolutions.co.uk
Title
Independent Financial Adviser, Mortgages, Types of Morgage, Savings and Investments, Pensions
Description
Executive Pension Schemes
These are effectively one-person occupational pension schemes, money-purchase based, subject to all the usual rules and regulations that apply to occupational schemes.
This type of scheme is not just confined to executives, but is suitable for any employee or company director. They tend to be designed to provide the flexibility required by Shareholding Directors and Senior Executives generally. They often accommodate contributions, which vary significantly according to company profitability, and indeed function to a great degree as tax planning vehicles.
In order for the scheme to be accepted by the Inland Revenue as a SSAS the following criteria have to be met:
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