Corporate Self Invested Personal Pensions -
Alongside sharesave schemes, commercial property purchase and remuneration strategies a corporate SIPP can be set up by the company which will allow its employees excellent opportunities, all at discounted fees.
Each individual employee has their own SIPP over which they have the ability to make investment decisions.Through this process and within pension rules, they are able to take control of their pension monies.
A corporate SIPP is an excellent method to invest share scheme benefits and at the same time receive tax relief based on the shares transferred into the SIPP. Therefore a 40% taxpayer is able to treat their shares as a contribution and for every £10,000 transferred receive £4,000 of tax relief. This rule can also apply to part or all of a commercial property personally owned and transferred into their SIPP.
As usual, we have negotiated excellent terms, but perhaps more importantly our advisers have the skills to advise on these types of complicated and customised transactions.