Employee Pensions Schemes
What is an employee pension scheme?
Your employees want a competitive salary, they may also want flexible hours or working locations, which are all key aspects of any benefits package.
A supplementary benefit to consider is an employee pension scheme. A pension is a tax efficient way for you to put money in your employees pocket and demonstrates a strong commitment to financial well-being.
Facts & figures
Starting an employee pension scheme is quite simple and the process works very similar to an individual private pension. As an employer, you can choose to contribute a set amount to the employee's pension on a monthly basis. These contributions are tax deductible for you, and should your employee decide to contribute also, they will receive tax relief on personal contributions within revenue tax relief limits.
There are currently two main pension structures available; a master trust scheme or a Personal Retirement Savings Account. Don’t worry, we will talk you through this part!
how it works
We pride ourselves on our ongoing support. Once you set up a scheme with CMCC, you will receive monthly management of pension deductions, along with annual scheme reviews.
For you, we are always available to handle your requests. For your employees, we are available as their financial advisor for any additional personal finance queries, free of any consultation charges.
From small business owners to larger companies. Our longstanding presence in the market and consistent positive feedback from our clients highlight our dedication to meeting and exceeding expectations.
We can adapt to cater for your needs, depending on the business size & complexity.
