As an employer, if you have five or more staff working for you or your company, you are bound by law to provide your staff with a pension scheme.
Employers have various options and the pension scheme can be set up either on a contributory basis where members contribute to the fund or non-contributory, which is paid for by the employer. There are a number of tax advantages available both for the employee and the employer and a good pension scheme can often be a good incentive when recruiting new staff.
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1998 - 2007 UK Pensions - Planning before, at the onset and during retirement.
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