How good is your employee benefit package?
The business owner has a lot on their plate today with constant demands on the business and more red tape and legislation to comply with; RTI, employment law and Auto Enrolment to name a few. All this, in addition to doing business, making a profit and growing your business.
You could be forgiven for neglecting your own or your family’s needs.
However, if you were not working in your own business and you worked for somebody else at your senior level you would expect a decent level of employee benefits. These are some of the features you might expect:
A pension with a good level of employer contribution.
These are the basic requirements, you could add to the above list.
Depending on how you trade, some of the benefits are tax efficient and can be classed as tax deductible business expenses. As well as the potential to pay for this out of your business, you can also choose to build your benefits over time to control spend.
As your own boss have you put these benefits in place for yourself and your family? Take a little time out of your business to implement your own employee benefit strategy.
IFA & Employee Benefit Consultant