PENSION SUPPORT FOR BUSINESSES

There have been more changes in the pensions landscape in the last two years than in the preceding two decades! And with auto enrolment due for 2024, it is more important than ever for companies to have sufficient pension support.

NEW PENSION SCHEMES

For SME’s who do not yet have a Pension scheme and are concerned about the upcoming Autoenrollment Scheme being introduced by government in 2024*, Lynx Financial Services can talk you through the new government scheme, as well as the options, advantages & disadvantages to providing your own scheme

EXISTING SCHEMES

If you have an existing pension scheme, it is important to review it with reasonable regularity, to see that your company and employees are getting the best service possible. This predominantly involves two areas, the charges, and the investment performance. Lynx will provide an impartial review of your company’s pension scheme and if there is merit in changing your provider.

AUTO ENROLMENT

The government’s new Auto enrolment pension scheme will for the first time ever make it mandatory for employers to contribute to employee pensions.

  • Due to commence in 2024.
  • Employees between 23-60, earning <20k
  • Employer contribution 1.5% of salary
  • That contribution will rise to 6% over 10 years
  • Employees auto enrolled

AT A GLANCE

AT A GLANCE

  • Mandatory employer contributions
  • Mandatory participation
  • Risk of ending up with 2 schemes
  • Lower investment performance
  • No advice for employees

WHY CHOOSE US

GAIN

Start gaining from the tax efficiencies and investment returns your money can benefit from

CONTROL

Its your money and you can change how much you put in and where it goes

CONFIDENCE

It doesn’t have to be complicated. Good advice means you can have a clear plan and be confident in it.

OUTCOMES

Accumulate your money, maximise the benefits available & enjoy the outcomes of having more money in retirement

Ready to talk?

We are here to answer your questions and give you the information and confidence you need to take control of your money matters