From April 2006 companies face new Government tax laws imposing a £1.5 million ‘allowance' on tax-approved pension funds. Funds above this level are subject to a tax rate of 55%. For approved pension funds below the lifetime allowance, the Government will allow higher contributions (up to annual earnings of £200,000 if lower) and investment in property.
Hewitt can guide you through this new legislation and help your executives find new ways to accumulate wealth so that they think of their ‘pot' in a holistic way, encompassing a range of vehicles, such as a mortgage, savings from employment, or share incentives. We'll collect data on their current wealth, analyse the results in terms of the relation with shareholder value creation, and advise on the most suitable investment approach for the total value. We can then help you track the actual performance of this value over time.
Read More(PDF format) or contact Leslie Moss, or Jeremy Orbell, or Jamil Husain.