Having a Group Pension scheme gives your staff a tax relief, a mortgage savings plan, a tax-free investment return and financial security in retirement all rolled into one. This is a powerful incentive you use to attract and retain talent when employees know they're building up a personal fund which they then convert into an income at retirement. Matching contributions by an employer are also deemed as a tax expensable cost and is not taxed.
For a pension scheme to meet the specific needs of your organisation, we help you understand how the various competing insurance companies attend to some of the following concerns.
Continuous member education is one of the important roles played by Agillient. When a member transfers into, exits or needs to make any changes to their contributions, we help them understand the tax implications of each choice to guard against expensive tax mistakes. We monitor legislation that impacts on pensions and update all staff on these changes and how they affect their pension plans. Learn more..