farm pensions : pension advice for farmers and agricultural workers

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About us Contact us Home Pension service The majority of UK farmers are now legally obliged to provide their employees with access to a Stakeholder pension as a bare minimum. Non-conformance with this obligation can result in significant fines. If you do not have your stakeholder in place we would suggest that you contact us as a matter of urgency. Request a quote online Call for a quote 0845 345 55 90 Farm-Insurance.net are introducers to UK IFA Net Ltd. who provide specialist financial advice for the rural community. How UK IFA NET Ltd can help your business make the right moves. As all employers know, the peace of mind and security provided by having appropriate insurance to cover any eventuality can help ensure a thriving business. For selecting pensions through to insurance, seeking expert professional advice will help to take the pain out of the process - and save valuable time. The ever-changing government legislation means that employers cannot afford to lose touch with their responsibilities. As well as bringing you up to date with regulatory changes, an Independent Financial Adviser (IFA) will help to ensure that you get the best deal out of any financial decisions. Pension responsibilities. Choosing the right package. Stakeholder pension legislation means that businesses with five or more employees must, by law, provide their employees access to a pension plan, which falls within the regulations. Stakeholder schemes are designed as low-cost flexible plans - the charges must be no higher than 1 per cent each year. Members must be able to transfer funds in and out of a scheme whenever they choose without penalty. An array of pension providers offer stakeholder products and employers can pick from a wide selection. Stakeholder pension schemes are not the only option available to businesses. Instead, a more sophisticated personal scheme can be offered to employees and/or directors. To avoid making an important pension decision by yourself (which could prove to not be the most appropriate) a discussion with an IFA can help you choose from the hundreds of options available from all the pension providers. Under a group personal pension plan, for example, employers are required to make contributions to the scheme of at least three per cent of salary on behalf of their employees. Group personal pensions offer more options than stakeholder pensions, highlighting that one of the best incentives for employees to join a pension scheme is an employer making a contribution. Every business has specific individual circumstances and an Independent Financial Adviser will provide advice to suit your company's circumstances. Employers can also arrange group life assurance, critical illness, income protection or private medical schemes for employees. Why an IFA is well placed to give wise advice Remember that an IFA can access the widest range of financial products and can provide holistic advice on all areas of financial planning for a business. It may be that you want an expert to look at your existing financial arrangements and employee benefit package. An IFA can assess existing schemes such as pensions, risk benefits and private medical insurance and highlight any areas you may want to alter with recommendations on possible modifications. Normally a comprehensive report will be prepared by the IFA whilst he or she will provide a professional opinion on your current position. Employers will, of course, have to pay for the advice that they receive. IFA's will either take commission from the products they arrange, or they will charge a fee according to the time taken helping you with your financial affairs. The options of payment will be explained to you on your first meeting, and these are outlined in our Terms of Business, a copy of which is available on request. For further information on independent financial advice from UK IFA NET Ltd, please contact us using the form button or phone number below. Request a quote online Call for a quote 0845 345 55 90 In addition to the above UK IFA NET can also provide Pension advice for Directors that can help with Tax Mitigation, Inheritance tax planning and estate planning. Plus much more, should you like to discuss any of the above in more detail please ring UK IFA NET on 0845 345 55 90. or use the contact form above. UK IFA Net Ltd is an appointed representative of Berkeley Wodehouse Associates Limited, which is authorised and regulated by the Financial Services Authority. Berkeley Wodehouse Associates limited are part of the Lighthouse Group PLC a leading firm of Independent Financial Advisers. Lighthouse group PLC has over 600 financial advisers in the Group.

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