The individual pension commitment system is quite straightforward: your business sets a premium aside every month for your private pension. The premium and the resulting capital enjoy a tax-efficient treatment, so you can build up a very welcome pension savings pot year after year.
Advice about making a choice
How much you pay every month or year into your IPC and how you reach such a decision are vital questions for the health of you company at the present time and for your personal prosperity upon retirement. ADD will help you choose between:
The tax optimisation of your premium (based on your income and your career plans)
capital accumulation according to the death grant for heirs
Smart extensions for extra security
Your IPC is an excellent vehicle for covering other risks. For example, you may include an unfitness for work guarantee in your retirement scheme. And with an additional premium waiver guarantee you need have no financial worries during this period of unfitness for work.