There is no better way of a director converting company money into personal wealth than through a pension plan. Some of the benefits are:
- Corporation tax relief on all contributions
- Tax free growth within the pension
- No benefit in kind implications
- Early retirement
- 25% of the fund as tax free cash
A proprietary director who owns more than 5% of a compnay, can have their pension funded by the company and make far more significant contributions than a sole trader.
At Key Financials we can advise you and your company and ensure your company pension plan work best for you.
Need Advice? Talk to us