Our services to Companies / Employers
It goes without saying that companies require specialist financial planning advice. Too many companies leave this aspect of their business to chance, risking their business in the process.
Expertise is needed to arrange efficient use of company money. Companies have many specialist needs including business protection, partnership & key person protection and employee benefit schemes as touched on below.
We specialise in reviewing existing pension, income protection, private medical insurance and employee benefit schemes to ensure that your business is being provided with the most beneficial terms in an ever evolving environment. We also source attractive rates of interest for company cash balances in excess of £100,000.
For a no obligation review without charge please contact us or complete the letter of authority and send it to us. ( We understand that you are extremely busy so the letter of authority enables us to review your existing scheme, with your current provider, on your behalf ).
Group Pensions
Pension provision for employees is now crucial in attracting and retaining the best people. At Cheltenham IFA’s Ltd , we can help to make sure your scheme is both efficient for your business and attractive to your employees.
§ As an employer, are you concerned with the current cost of running your pension scheme?
§ Are you aware of the alternatives available in the market?
§ Are the scheme's assets providing an efficient return?
A review of your existing scheme costs nothing but could be invaluable or if you are looking to provide a pension scheme for the first time independent advice is crucial. (Send Enquiry)
Income Protection
By law companies have to pay 28 weeks statutory sick pay to employees, although some exclusions apply. However, after this point, while an employer may morally wish to continue some form of payment, cash flow and profitability decisions may prevent them from doing so.
Permanent Health Insurance (PHI) can provide an income for the employee while protecting the companies’ cash flow. Schemes can be tailored to provide income for a certain number of years, until retirement age and even provide cash benefits for the company. This could be used to cover recruitment costs or loss of profits. Newer schemes allow the employer at any time to ask for the payment to be paid direct to the employee, which potentially will allow the employer to remove that employee off the payroll.
The cost will depend on the type of cover taken, typically it will be around 1-2% of the company payroll. Schemes are tax efficient and can be offset against corporation tax. (Send Enquiry)
Employee Benefits
Benefits provided to employees are recognised as improving staff retention and with a Flexi-benefits package employees can chose their own benefits. Every employer knows that to keep and retain the most skilled and motivated members of staff, they must provide not only a good salary, but also a comprehensive employee benefits package. Employee benefit packages can contain the following:
§ Retirement plans
§ Private medical insurance
§ Life insurance
§ Earnings replacement
§ Employee share ownership plans
These packages can be tailor made for specific individuals such as your key executives who may have very particular requirements. Alternatively they may be part of a 'package' that is offered to all your employees which takes advantage of the economies of scale.
At Cheltenham IFA’s we design employee benefit packages that are personalised to your companies’ requirements and take into account current legislation and tax regimes. (Send Enquiry)
Private Medical Insurance (PMI)
With long NHS waiting lists for many types of treatments, private medical insurance (PMI) will allow your employees to access the treatments that they may need without having to wait months. Private Medical Insurance is considered by employees to be an important benefit and can
§ Keep you workforce healthy
§ Minimise absenteeism
§ Can cover dentistry and eye care
There is a wide range of different medical insurance's available and the cover that you choose will depend on the type of cover that you and your employees need.
We have an independent specialist who can assess current schemes with a view to improving benefits and/or cutting the cost of your existing scheme, as well as putting together new schemes for companies looking to offer this benefit for the first time. (Send Enquiry)
Deposit Interest Rates for Company Money
Are your cash reserves earning a competitive interest rate?
Traditionally many institutions have somehow managed to pay low rates of interest on company money therefore increasing their profits to the detriment of your business. We have access to market leading deposit rates for business funds to help your business make the most of your cash reserves.
We understand that companies need to have quick access to funds and offer solutions with no lock-ins or penalties. (Send Enquiry)
For a no obligation review without charge please contact us or complete the letter of authority and send it to us.