Corporate Benefits
Contact us today on 0141 221 9553

Final Salary Solutions

As the ‘crisis’ surrounding final salary pension schemes continues to deepen, we are well positioned to consult and advise any employers with these schemes. We will carry out a thorough audit of any final salary scheme before providing a comprehensive analysis identifying:

  • Present and potential liabilities
  • Analysing data in light of current and proposed changes in legislation
  • Potential taxation consequences of advice given

We have a clear understanding of the opportunities and often the need to restructure final salary benefits, and reduce the running costs. We also have an comprehensive knowledge of the dilemmas that trustees and company directors face when considering the impact that legislation, mortality rates and investment returns can have on these schemes and indeed can advise on the ongoing viability of a final salary pension scheme.

Frequently Asked Questions

The concept of a Workplace Pension Scheme was introduced by the Pensions Act 2008.  All employers in the UK are required to establish a Workplace Pension Scheme on their Staging Date.  On you Staging Date and each subsequent Pay Period you must carry out an Assessment of your employees.  The employer must deduct a contribution from the earnings of all their Eligible Employees and pay this to the scheme along with an employer contribution.   A process called Automatic enrolment.

The service provided by Corporate Benefits was very helpful in my husband and me attaining our dream of early retirement.  Their approach was that they knew the specific issues that we would have to deal with, provided answers, resulting in a beneficial outcome.  My husband had three pensions and they dealt with the complexities of this with expertise.  They are professional, knowledgeable and extremely helpful.
Mr & Mrs McHendryGlasgow