Understanding the Income Structure of Company Directors
Why Personal Pensions Are a Better Fit for Company Directors
Company directors do not necessarily make all, or even most, of their income through a regular salary in the same way that many employees do. Their remuneration is likely to be closely tied to the company’s profits and thus may vary from year to year. What’s more, they may also have extensive financial interests outside of their main job, such as other directorships, investment portfolios and/or property portfolios.
For this reason, standard workplace pension schemes may be less useful to company directors. They may find it more helpful to make use of the flexibility of personal pensions, including self-invested personal pensions. These are more sophisticated products, which can give financially-informed individuals more direct control over their retirement planning.
Vulnerable Customer
We understand that from time to time our clients may find themselves dealing with circumstances which could mean they are potentially vulnerable. For example, a change in health, caring for a family member or coping with the loss of a loved one. There are many different types of vulnerability, and what makes one person vulnerable might not affect someone else. When we are vulnerable, our need for financial advice may change. However, admitting vulnerability or seeking help can sometimes feel hard.
If this is something you would like to discuss with us, please ask for a copy of our support guide or download a copy here. This guide is designed to help explain vulnerability and the ways in which we might be able to support you. If you feel any of the circumstances in the brochure apply to you, please talk to us.
