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Corporate Services Home Page What can Orkney IFA do for you? Pre-retirement planning Early retirement, scheduled retirement or late retirement. As your employees approach retirement age we can look at an individual's circumstances and advise on matters such as pension deferral, drawdown, annuities, or accepting scheme benefits. Group Personal Pensions Schemes We can set up any kind of Group Personal Pension (GPP) arrangement. We recommend the most appropriate pension provider, speak to each of your employees individually, give them investment recommendations based on their own circumstances, and administer the scheme on a day-to-day basis. New members, employees leaving service and the processing of monthly payments to the pension provider are all taken care of, as are annual reviews with your employees to ensure their pension plan continues to meet their needs. More about GPP SchemesGroup Insurance Schemes You might want to protect key employees against death or injury, or you might want to protect your business against loss of key employees or Directors. You might simply want to make sure that your employees know they're valued by making a Group Insurance Scheme available. We can help you assess the costs and benefits, and guide you through the maze. Advance information: The National Employment Savings Trust (NEST) Starting 2012, all employees earning more a minimum amount (to be announced) will be obliged to contribute to a Pension scheme. If you don't have an existing scheme meeting a "quality standard" - set, of course, by the Government - your employees will be enrolled in the State scheme; employers will have to contribute not less than 3% of the employee's basic pay and the lowest allowable monthly contribution will be 8%. This might be made up, say, of 3% from the employer, 4% from the employee and 1% tax relief on the employee's contribution. More about NEST
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