A smart choice for employers
A smart choice
Employers can Contribute to an Employee’s Personal Pension Plan
Are you looking for an efficient, hassle-free way to provide your employees with a workplace pension? The Prosperity Personal Pension Plan offers a streamlined solution tailored to meet the needs of both employers and their teams. As a Gibraltar-regulated personal pension plan, it allows employers to make contributions on behalf of their employees while offering portability and flexibility for the future.
Why Choose the Prosperity Personal Pension Plan?
Quick and Easy Enrolment
The Prosperity Personal Pension Plan is ready-made for employers seeking a straightforward approach to setting up workplace pensions. With minimal setup requirements, you can quickly enrol your employees into the plan and start making contributions without the administrative burden typically associated with traditional stand-alone occupational pension schemes.
Tailored for Workplace Pensions
The plan is structured to accommodate employer contributions, enabling you to support your employees' retirement needs. Contributions are based on amounts specified in individual application forms and confirmed through monthly pension payment schedules. The scheme also accepts employee contributions, which can be deducted from payroll and remitted directly by you, simplifying the process for everyone involved.
Key Features and Benefits for Employers
Bespoke Service
Tailor your investments with the help of an Independent Financial Adviser or manage them yourself.
Model Portfolios
Select from our professionally managed portfolios designed to match your risk profile. Low risk, medium risk and high risk options are provided.
Flexibility and Control
Portable and Flexible
The Prosperity Personal Pension Plan is designed with portability in mind. If an employee leaves your organisation, they retain their pension account, ensuring their contributions and investments remain intact and accessible for their future retirement planning.
Simplified Administration
As the employer, your role is straightforward. Abacus Pension Trustees Limited, a trusted and regulated corporate trustee, handles the administration and management of the plan. This allows you to focus on your business while ensuring your employees’ pensions are professionally managed.
Investment Options
Employees can choose from a range of professionally managed model portfolios tailored to different risk profiles. These options are designed to provide growth and diversification, making it easier for your team members to align their investments with their financial goals. For employees who prefer more control, bespoke investment options are available.
Tax Efficiency
Employer contributions to the Prosperity Personal Pension Plan may be considered as a tax deductible business expenses for the employer under Gibraltar’s income tax regulations. For the employee they are not taxed as a benefit in kind in Gibraltar.
Enhanced Employee Benefits
Offering a workplace pension demonstrates your commitment to your employees’ long-term financial security. It’s a powerful tool for attracting and retaining talent, boosting employee satisfaction, and strengthening your reputation as a forward-thinking employer.
How It Works
- Employer Commitment: As the employer, you commit to making pension contributions for your employees. These amounts are outlined in their application forms and confirmed through monthly payment schedules.
- Employee Contributions: Employees can contribute additional amounts, deducted directly from payroll. They also have the option to make voluntary contributions or transfer existing pensions into the plan.
- Professional Administration: Abacus Pension Trustees Limited ensures the plan’s seamless operation, managing contributions, investments, and compliance with regulatory standards.
A Partner You Can Trust
Abacus Pension Trustees Limited brings over 40 years of expertise in wealth management and financial solutions. As a regulated trustee and administrator, we are committed to safeguarding your employees’ pensions and providing a high standard of service..