Many people are very unfamiliar with the concept of pensions. But making proper provisions for retirement is largely in your control. It is mainly up to you whether you will be able to live life as you do now after you retire. This applies more so to entrepreneurs: they usually make all their retirement provisions themselves.

At BDO we believe that you should make (get) an overview of your pension status every few years. This is the only way you will know where you stand. Our pension specialists are happy to help you with such a periodic update. They can also help you with questions about pension provisions for your personnel, in which you play a pivotal role. Do your personnel clearly understand how their pension provisions work? Are they sufficiently kept informed and what role do you play in this?

Your pension rights under the microscope

There will be substantial changes to entrepreneur pensions in 2016,so it may be sensible to speak to your adviser about what best to do with your accrued pension rights in your private limited company. For example, do you keep your pension management in house? And what will you do about your annuities and rights of entitlement? Proper pension provisions should include provisions for your surviving dependants.

Contact

If you would like to know how BDO can help you with the retirement provisions for yourself and those of your personnel? Please contact our specialists to arrange an introductory meeting without any obligation. We are happy to outline the possibilities for you.