Group Personal Pensions

We understand the importance of providing a comprehensive and valuable retirement plan for your employees. That’s why we offer a Group Personal Pension (GPP) service that is designed to help your employees save for their future and ensure a comfortable retirement.

What is a Group Personal Pension?

A GPP is a pension plan that is offered by an employer to its employees. The plan allows employees to make contributions towards their retirement, with the employer also contributing towards the plan. The plan is managed by a pension provider, who invests the contributions and provides regular updates on the performance of the plan.

Benefits of a Group Personal Pension

• Tax Advantages: Contributions to GPPs are typically made on a pre-tax basis. This means that employees can receive tax relief on their pension contributions, reducing their overall tax liability. Employers may also receive tax benefits for contributing to their employees’ pension funds.
• Investment Options: GPPs often provide a range of investment options for employees to choose from. This allows individuals to tailor their pension investments according to their risk tolerance and retirement goals.
• Employee Retirement Savings: GPPs provide employees with a convenient way to save for retirement. Contributions are deducted from their salary before tax, providing a tax-efficient method of saving for the future.

How can we help you?

SMH Financial Services provides an independent advice service that can assist you on the most appropriate pension scheme for your business, taking into account your organisation’s objectives, regulatory requirements and budget.

We undertake a thorough independent provider selection process based on your requirements. We will assist you with communicating this benefit to your employees, as well as providing on-going support and advice if you or your employee’s have any queries relating to the scheme.

If you are looking to review or harmonise your existing pension arrangements, we can provide you with the advice you need..

If you are interested in learning more about Group Personal Pensions and how it can benefit your business, please contact the SMH Financial Services team on info@smh.group or 01142 664 432.

A pension is a long term investment the fund value may fluctuate and can go down. your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation

The Financial Conduct Authority does not regulate advice on Employee Benefits.