Corporate Financial Services

• Corporate Pensions

• Corporate Insurance

• Taxation

Corporate Pensions

We have considerable experience of setting up employee pension schemes, particularly for new company start up situations.

Companies need to be particularly aware of the forthcoming changes announced by the Government - autoenrolment, where staff are automatically entered into a suitable pension scheme, and NEST - the National Employment Savings Trust.

Corporate Insurance

We can arrange key-man insurances to protect your company against the loss of a key employee or director.

Key people in companies are directors or any other person with a special set of skills that other employees do not have. If such a person were to die or become incapacitated, it could damage your business. Therefore, we supply key-man insurance to protect your company.

The type of cover you get depends on the policy that you take out. If you choose not to obtain such cover, you are putting your company at risk.

Share Protection through Life Insurance

If a director or partner dies, the shares agreement previously made might allow the remaining directors to purchase new shares from other directors that are also shareholders. However, you may need to take out life cover, to provide funding should the remaining directors have insufficient funds.

If you require life cover, all concerning people will need to understand and agree to the cover before you can proceed. Your financial advisor will then work out the amount of cover you require. Once the cover is in place, the partners or directors will then have peace of mind that should anything happen to them, their fellow directors or partners of the business will have sufficient funding to carry out the shareholders' agreement.

Staff Benefits

Once of the main focuses of any business is recruiting, maintaining and motivating staff. Keeping the rewards scheme balanced is key. Many business's will often supply pensions, bonuses and life insurance as part of their benefit schemes but this requires planning and is based on the business and staff involved.

Your staff are what build your business's success so keeping them motivated through tailored reward schemes is vital. As a result, your staff will feel confident that they are getting what they deserve from their hard work, making them more efficient.

Taxation

Most of us risk being taxed on our income, capital gains and the value of our estate when we die. It is worth getting a clear grasp of how these taxes work and then discussing with your financial adviser the most tax efficient financial planning for you.

A surprising number of people pay more tax than they need to because they have not been given the allowances to which they are entitled, or have not taken simple steps to arrange investments and savings in a way which minimises their tax liability. Your financial adviser can check your tax coding and assessments, and review your overall taxation situation to see if there is scope to reduce your current or anticipated tax bill.

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