Kizspection D. The company need not make any contributions, but must offer its employees a payroll deduction facility. If the employer does contribute, a condition can be set up that the employee also contributes. Employers must keep a record of any payments they make,but beyond this, the scheme requires no administration, as the provider does this. The costs for this are deducted from the fund. Annual charges are low, capped at one percent of funds.
A. Section A
B. Section B C. Section C
D. Section D
E. Section E
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Section E. Stakeholder pensions are available from a number of banks and other financial service providers, and it pays to shop around. Find a reputable pension provider which is registered by the Pensions Regulator. Although a well-established firm is preferable, past performance is not a reliable indicator of future returns. Also make sure that your pension all your employees can join the scheme as some limit membership to people working in certain trades.
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It is necessary for employers to pay into their employees pensions.Employers only need to keep minimal paperwork for the stakeholder scheme.A pension from a well-known establishment may not deliver significant profits.Business owners with very few staff need not offer pension schemes.Employees who pay into stakeholder schemes may lose their money.Employees in some occupations may not be eligible for some types of pension.Both large and small businesses can get rebates from paying into employees pension
funds.8. A pension must be offered if the number of employees on a company's payroll exceeds a certain figure.
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