Why reinvent the wheel? Pension planning with a 'twist'

Looking for opportunity in the pensions market

clock • 2 min read

Mark Lisle shares his insight on potentially overlooked pension planning opportunities...

While looking for opportunity in the pensions market, we need look no further than the old stalwart: ‘employ your spouse'. This is reminiscent of the days when defined benefit (DB) ruled and defined contribution (DC) were the poor relation. This time, with a twist, that works particularly well for partnerships. When operating as a limited liability partnership (LLP), provided an employer-employee relationship is established, if a consultant were to employ their spouse, they could choose to establish a DB pension scheme, invite their spouse to join and then join themselves. Using th...

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