Retirement Plans for Staff and Employees
Why should I provide a corporate pension plan?
- Attract high performance employees
- Reward for valuable staff
- Create a stronger bond between the employee and the company
- Help employees create a better future
- Contributions are deductible
What does this program offer ICBA members?
- Time saving, state-of-the-art administration tools
- No fees to the employer
- Immediate tax benefits
- Quick & efficient set up process
- Very competitive investment management fees
- Expert monitoring of investments
How much does it cost?
- You determine the cost. You decide how much you want to contribute to employees
- Most employers provide a matching formula
|
The Individual Pension Plan (IPP)
What is an IPP?
An IPP tax solution allows for thousands of tax-deferred income dollars (from an incorporated business) to be invested into an IPP structure, allowing the owner/executive non-taxable interest, compounding until retirement. All IPP payments are a tax deduction for the sponsoring corporation and roll tax-free into the IPP.
What are the advantages?
- Assets move from business to owner on a tax-deductible basis, which protects these assets from creditors
- Owner/executive receives non-taxable interest
- All costs associated with an IPP are tax deductible to the sponsoring company. This means the sponsoring company, not the individual , incurs as much of the deductible cost as possible.
|
