Employee benefits play an increasingly important role in attracting and keeping staff. As part of a benefits package, a good group pension scheme will offer your employees security and reassurance. It will help to raise morale as staff see that their long-term future is being provided for. And it does this in a way that is extremely tax efficient for both you and your employees.

The following options are available to many businesses:

Group personal pensions
A simple and flexible pension plan for you and your employees.

Group stakeholder pensions
These Government-introduced pension plans give your employees a simple, low-cost way to save for the future.

Group money purchase pensions
An occupational pension scheme which runs under trust rules.

Group additional voluntary contributions pensions
A way to let your employees make extra contributions to an occupational pension plan.

Group self-invested personal pensions
Very similar to a group personal pension plan, this plan gives your employees a vast choice of investment options.

It is important to seek independent financial advice before deciding which type of pension is appropriate for you or your business.

The value of the investment can go down as well as up and you may not get back as much as you put in.