Contractor Pension
The Bedouin Money Pension Scheme is a key element in ensuring that you work as tax efficiently as possible. You save tax and NI today whilst ensuring you build up a nest egg for your future
- Funded via employer contributions direct from your gross contract
- Uniquely avoids Employers and Employees national insurance as well as income tax
- Benefit from 39% tax relief on contributions
- No initial set-up fees so all of your money is invested
- Penalty free payment holidays
- Move the pension to a new employer if you change jobs or continue to invest personally
A Flexible Approach
The Bedouin Money group personal pension scheme offers complete flexibility so you can take penalty free payment holidays when it suits you. It also offers low admin charges and a wide range of funds to help ensure that your investment reaches its full potential.
The independent advisers at ContractorFinancials can help you to take advantage of the more relaxed pension rules that came into force in April 2006, maximising your investment potential and reducing your tax bill as a result. They can also help consolidate any existing pensions that you may have from previous jobs and ensure that your funds are in the right area to exploit growth potential and minimise risk
If you choose to leave Bedouin at any time then you can stop the pension or transfer your plan to your new employer. Alternatively, you can continue funding as a personal investment
Invest in a pension to reduce your salary to minimum wage
Using a salary sacrifice agreement, the scheme can allow you to take as little as the minimum wage as taxable wages and as long as your payroll fees are covered all other income can be diverted into the pension.
Important Information
The information provided above is factual and does not consider your personal circumstances. We advise you to read the information provided and decide whether or not the plan appeals to you as we are not advising that the plan is suitable for you.
Bedouin has instructed ContractorFinancials to set up and administer the plan. As Independent Financial Advisors they will be able to answer your questions and give advice as to the suitability of the scheme. If you are unsure as to whether the Bedouin Money scheme is right for you then you should seek expert advice.
If you consider joining the scheme then Contractor Financials will provide you with a personal illustration and a document outlining the key facts of the contract to give you a better understanding of the benefits of the plan.
Contact Bedouin Money on 0845 519 2 888 or via the form below and one of the independent mortgage specialists will discuss your needs,
You will then be emailed recommendations which can be discussed in more detail. You will be assigned a dedicated contact to handle your case personally who will help ensure that your application runs smoothly.
The value of investments may rise as well as fall and past performance is not a guide to future returns
Financial advice is given by Contractor Financials, which is a trading name of Contractor Financials Ltd and is regulated and authorised by the Financial Services Authority.
