Pension Schemes for Directors and Owners

There are a range of pension products designed for directors and owners of businesses, although some can also be set up for the benefit of employees.

Self-Invested Personal Pension Plans (SIPPs)

Also known as Investment Regulated Schemes, SIPPs are similar to insured personal pensions, but also allow direct investment in commercial property as well as inUK and overseas quoted securities.

See also: Self Invested Personal Pensions (SIPPs)

Small Self-Administered Schemes (SSASs)

A Small Self-Administered Scheme are established to provide benefits for directors and key staff. Since 1991, for a scheme to be considered a SSAS, there must be fewer than 12 members and one or more must be a controlling director. The company can make contributions on behalf of the members and contributions are treated as a trading expense, thereby attracting corporation tax relief. Unlike most pension arrangements, there is no requirement to make regular contributions, which means that the company may make contributions when profits and cash flow allow.

Executive Pension Plans (EPPs)

An EPP scheme is set up by companies for its directors, senior or valued employees, and provides greater investment choices than many other types of pension. It also provides enhanced confidentiality, as it enables company directors to keep their pension arrangements separate from the main company pension scheme.