A pension scheme can be the cornerstone of a business owner's financial planning strategy. We are able to establish Small Self Administered Schemes or Self Invested Personal Pension Schemes that can offer a shelter for profits, without incurring high levels of tax and National Insurance Contributions.

These schemes offer the widest possible investment choice which can directly or indirectly benefit the business. This includes arguably the most effective method of purchasing commercial property, whether it be used by the business itself or for investment purposes.

Retirement benefits can begin to be taken to coincide with the member's objective for transfer of ownership, and his/her ongoing involvement with the business.

After many years of contributions, it is vital that the accrued investments are managed in a flexible and professional manner to optimise the future stream of benefits, if drawn directly from the scheme. Alternatively care is required for the consideration of annuity purchase

Throughout the term of a pension scheme, from the first contribution to the last payment of benefit, the underlying investments need to be managed. This can provide maximum returns with minimum risk, and an effective shelter from tax, including the position at death.

With significant legislative changes introduced in April 2006, business owners should evaluate all their options now.